According to @GreeksLive, the year-end holiday period has thinned participation, and this Friday Dec 26 is the annual options settlement with over 50% of total options positions awaiting expiration, while most institutions rolled positions early, source: @GreeksLive. According to @GreeksLive, implied volatility across major expiries began falling last week and block trades have increased in share, source: @GreeksLive. According to @GreeksLive, over the past month Bitcoin’s implied volatility across major expiries fell by over 5% broadly, with short-to-medium-term IV down more than 10%, and Ethereum’s IV declined even more, source: @GreeksLive. According to @GreeksLive, these shifts signal subdued market expectations with consensus pointing to low volatility over the next two weeks and a high probability of a gradual drift lower, source: @GreeksLive.