Golden Finance reported that Greeks.live analyst Adam posted on the X platform: "BTC has seen a large number of put options block transactions today, with the nominal value of US$600 million accounting for a quarter of the total transactions. Just tonight's two bearish calendars Valued at US$110 million, the market is weakening and confidence is also recession. Skew is close to 0 in the short term, and Skew and IV have also experienced significant declines in the medium and long term. The market in February is not optimistic, and there are still a lot of altcoins waiting to be unlocked in the first quarter. The market is Funds are tight right now.”