Bitcoin and Ethereum Options Data Show Market's Continued Concern About Price Drop

BlockBeats News, January 27th, according to CoinDesk, on Deribit, the put option prices for BTC and ETH are still generally higher than call options, showing that market concerns about downside risk persist. Analysts believe that downside protection has become a crowded trade, making call options relatively cheaper for investors holding a bullish view.

From a directional positioning perspective, bearish spreads, volatility bets, as well as strategies like straddles and strangles, accounted for nearly 50% of all Bitcoin large-scale options trades in the past 24 hours. In the case of Ethereum, traders prefer the "iron condor" strategy to profit from potential range-bound price action.

At the same time, Volmex's 30-day implied volatility indexes for Bitcoin and Ethereum remain at multi-month lows, indicating that despite outflows and bearish technical patterns, the market has not shown significant panic or fear.