GREEKS.LIVE researcher ADAM published a tweet stating that the options market has seen a significant number of sellers exiting due to losses, causing spreads to widen. Within a day, nearly 100 large transactions were made, involving over 9,000 call options and over 6,000 put options, with a total nominal value exceeding $1.1 billion. The market indicates that if Bitcoin surges to $70,000, it could trigger a surge in implied volatility (IV), indicating that the derivatives market has entered an extremely FOMO-driven situation.