BIT: Rising Ethereum bullish options selling pressure, volatility continues to decline

Mars Finance news, BIT released today’s chart, saying that trading volume has clearly shrunk and there is a lack of clear directional catalyst. While Bitcoin ETFs recorded about $1.3 billion in net inflows, Ethereum has continued to face capital outflows, further exacerbating the divergence in demand between the two. From a macro perspective, although geopolitical risk has not disappeared and volatility is still steadily contracting, put-spread strategies are therefore becoming increasingly favored. Recent changes in the Ethereum options market are especially notable: the share of selling upside call options has risen significantly, indicating that the market lacks confidence in an ETH short-term rebound. A few months ago, traders were actively buying upside exposure; now the wind has shifted—more Ethereum traders are choosing to earn premiums by selling call options rather than betting on a directional upside move.