There are no significant macroeconomic data this week, with the only major macroeconomic event currently being that it's been nearly a month since the U.S.-Israel strike on Iran, and it remains unclear how the tensions will develop.

U.S. stocks have performed poorly over the past week, with major stocks and indices showing significant declines, and crypto has also been dragged down, effectively breaking through the 70,000 USD level. Implied volatility across all major option maturities is rising, Skew is declining broadly, and the market is concerned about escalation of the crisis.

Put options account for nearly 70% of trading volume, which only occurs when market panic is widespread and large players are generally worried about downside risks.