Block Put Options Hit One-Third of Volume as Market Pullback Signals Bear Rebound

Block put options now account for one-third of total trading volume as the crypto market enters a pullback phase. Implied volatility across major maturities has declined to approximately 35%, showing minimal response during the recent rally and falling slightly compared to the previous two weeks. Options data suggests current market conditions align with a mid-stage bear market rebound rather than a sustained reversal. Traders show limited expectation for future volatility, consistently selling into price fluctuations as implied volatility remains suppressed despite broader market movements.