On $BTC, call premium bought was $7.3M and put premium bought was $7.4M, with puts ahead by a small margin. The biggest print was a buy $2.75M 26MAR27 80000 call block, and blocks made up 48% of prints; bought calls can hedge, but the daily balance beats any single print.

Since 2021, days in this very low band saw a median +0.0% BTC move over the next 7d (n=399, base +0.2%, 5y of records). History, not a forecast.