TechFlame News, according to CoinDesk, on Deribit, the prices of put options for BTC and ETH remain generally higher than those of call options, indicating that market concerns about downside risks persist. Analysts believe that downside protection has become a crowded trade, making call options relatively cheap for investors with a bullish outlook. In terms of directional positioning, bearish strategies such as put spreads, volatility bets, straddles, and strangles accounted for nearly 50% of all large Bitcoin option trades over the past 24 hours. For Ethereum, traders prefer the "iron condor" strategy to profit from potential range-bound market movements. Meanwhile, Volmex’s 30-day Bitcoin and Ethereum implied volatility indices remain at multi-month lows, suggesting that despite bearish fund flows and technical patterns, there is no significant panic or fear in the market.