[Researcher: If ETH Falls Below $4,000, It May Trigger Bearish Pricing in the Options Market] Greeks.live researcher Adam stated that ETH briefly fell below $4,000 yesterday, breaking through multiple technical support levels. Although implied volatility remained unchanged, the price of put options was significantly higher than call options, reflecting heightened market concerns about downside risks. Some market makers have already hedged risks by purchasing put options. Adam warned that if the $4,000 threshold is breached, the options market may be repriced into a bearish mode. In contrast, BTC's performance has been relatively stable, but ETH's technical indicators are more critical.