The cryptocurrency market experienced a slight pullback as Bitcoin reached a new all-time high and Ethereum approached its peak, triggered by an unexpected rise in the Producer Price Index (PPI). Despite this, the options market showed little volatility, with no significant changes in implied volatility (IV) or skew. However, trading enthusiasm remained high, as evidenced by Deribit's record-breaking $10.9 billion in options traded in a single day, marking the first time daily volume surpassed $10 billion. This robust trading activity suggests continued confidence in the market's bullish trajectory.