Gate News message, April 6, BIT released today’s chart showing that market trading volume has clearly contracted, with a lack of clear directional catalysts. The Bitcoin ETF recorded about a $1.3 billion net inflow, while Ethereum continues to face ongoing outflows, further widening the divergence in demand between the two. From a macro perspective, although geopolitical risks have not disappeared and volatility is still continuously converging, put options 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, reflecting a shift in market sentiment. A few months ago, traders were actively buying upside exposure; now more Ethereum traders choose to earn premium by selling call options rather than betting on a directional upside move.