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

BIT released a chart today stating that market trading volume has shrunk significantly, lacking a clear directional catalyst. While the Bitcoin ETF recorded a net inflow of approximately $1.3 billion, Ethereum continued to experience capital outflows, further exacerbating the demand divergence between the two. From a macro perspective, despite lingering geopolitical risks, volatility continues to converge, making put options strategies increasingly favored. Recent changes in the Ethereum options market are particularly noteworthy: the proportion of selling upside call options has increased dramatically, indicating a lack of confidence in a short-term ETH rebound. A few months ago, traders were actively buying upside exposure; now the tide has turned, with more Ethereum traders choosing to earn premiums by selling call options rather than betting on a directional upward move.