BIT: Rising Ethereum call option selling pressure, volatility continues to decline

CycleProphet · 2026-04-06T06:12:49+00:00

Market trading volume contracts, with Bitcoin ETFs experiencing net inflows, while Ethereum faces capital outflows, intensifying demand divergence. The Ethereum options market shows a lack of confidence in a short-term rebound, with traders tending to sell call options to earn premiums.

CycleProphet

2026-04-06 06:12:49

Abstract generation in progress

Deep Tide TechFlow message, April 6, BIT (formerly Matrixport) released today’s chart, saying: “Market trading volume is clearly shrinking, lacking clear directional catalyst. While Bitcoin ETFs recorded about $1.3 billion in net inflows, Ethereum continues to face persistent capital outflows, and the divergence in demand between the two has further intensified. From a macro perspective, although geopolitical risk has not disappeared and volatility is still steadily converging, put option strategies are becoming increasingly favored.

Recent changes in the Ethereum options market are especially striking: the share of selling upside call options has risen sharply, indicating that the market lacks confidence in a short-term rebound in ETH. A few months ago, traders were actively buying upside exposure; now the wind has shifted. More Ethereum traders are choosing to earn premium by selling call options rather than betting on a directional rise.”

ETH5.19%

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