Deribit BTC, ETH Puts Trade Above Calls as Bearish Blocks Near 50%; IV at Multi-Month Lows

Bitcoin and Ether puts traded above calls on Deribit on Jan. 27, signaling downside concern, CoinDesk reports. Put spreads, volatility bets and straddles/strangles accounted for nearly 50% of BTC block options in the past 24 hours, while ETH saw iron condor activity. Volmex 30-day implied volatility indexes for both assets remained at multi-month lows.