The election market is rapidly cooling off

The election market is rapidly cooling off and despite strong gains in both Bitcoin and Ether and optimistic sentiment in the crypto market, the options market is closing out profit taking in a noticeable way to end the election game.
BTC doomsday options have fallen below 50% and IVs are down significantly across all major terms, with ETH benefiting from today's big gains and falling back less than BTC.
Large investors have begun to layout the end of the year market or even next year's spring market, today's BTC block trading turnover of 1.2 billion, ETH block trading turnover of 600 million, are mainly to sell options, which is the main impetus for today's IV big drop, the Block in recent days is worth paying attention to, giant whales began to act.