$BTC call premium bought reached $65.4M versus $8.1M in put premium bought. The biggest print was a buy of $4.1M in 25SEP26 82000 call blocks, and blocks made up 72% of the tape; bought calls can hedge, and the daily balance beats any single print.
Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=390, base +0.2%, 5y of records). History, not a forecast.
Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=390, base +0.2%, 5y of records). History, not a forecast.
