According to @GreeksLive, Bitcoin's (BTC) short-term implied volatility has dropped below 50% following the quarterly settlement and weekend consolidation. Similarly, Ethereum's (ETH) short-term implied volatility has fallen below 70%, though longer maturities remain above this level. The volatility risk premium (VRP) declined from nearly 20% last week to 10%, with block trade activity being minimal. The market has adopted a cautious, wait-and-see posture, with significant focus on this Friday’s unemployment rate and nonfarm payroll data.

According to Greeks.Live, the platform achieved a notional trading volume of $153.2 million through block trades during the period of February 23rd to March 1st. The update also highlighted the top five block trades executed last week, reflecting strong trading activity and support from users.

According to @GreeksLive, from January 27 to February 1, block trades posted a notional volume of $253.6 million, with $237.1 million on Deribit and $16.5 million on OKX, per @GreeksLive. The update also includes a recap of the top five block trades to show where size concentrated across venues, per @GreeksLive.

According to @GreeksLive, from January 12 to January 18, 2026, its platform executed $142,528,550 in notional trading via block trades and published a summary of the top five block deals for the week. source: @GreeksLive on X, Jan 19, 2026 Block trades are privately negotiated, large-size transactions commonly used by institutional participants, making this weekly total a useful gauge of institutional activity in crypto options. source: CME Group, Block Trades overview Large negotiated options flows can influence order book liquidity and implied volatility, so traders often monitor subsequent IV and spreads against these prints. source: Deribit documentation on block trades and options markets

According to @GreeksLive, 21,000 BTC options expired with a Put-Call Ratio of 1.07, a maximum pain point at $90,000, and $1.9 billion notional value, while 126,000 ETH options expired with a Put-Call Ratio of 0.88, a maximum pain point at $3,100, and $390 million notional value, totaling nearly $2.4 billion or about 7% of open interest, which is a relatively minor expiry for the week, source: @GreeksLive. The post-annual settlement rebound saw a pullback this week, but the recent downward trend in BTC and ETH has eased and sentiment is improving, with BTC’s $90,000 and ETH’s $3,000 psychological levels cited as strong supports, source: @GreeksLive. Key options metrics show BTC implied volatility is stable versus pre-Christmas, with main-term IV around 40%, while ETH IV has declined with main-term IV at 55%, highlighting an IV divergence traders should note, source: @GreeksLive. Block trading remained elevated, accounting for over 70% of today’s total options volume, driven by new position-building demand, source: @GreeksLive. Market makers and active traders reportedly hold substantial cash and are primarily positioning in BTC month-end call options and ETH month-end put options, indicating targeted directional and hedging flows into month-end, source: @GreeksLive.

According to @GreeksLive, for the period from December 29 to January 4, Greeks.Live reported $129,429,303 in notional block-trade volume as part of its weekly trading update, source: @GreeksLive. The team also provided a recap of the top five block trades from the week on greeks.live, source: @GreeksLive. The update was posted on January 5, 2026 and did not include asset-level or venue breakdown beyond the headline notional figure, source: @GreeksLive.

According to @GreeksLive, the year-end holiday period has thinned participation, and this Friday Dec 26 is the annual options settlement with over 50% of total options positions awaiting expiration, while most institutions rolled positions early, source: @GreeksLive. According to @GreeksLive, implied volatility across major expiries began falling last week and block trades have increased in share, source: @GreeksLive. According to @GreeksLive, over the past month Bitcoin’s implied volatility across major expiries fell by over 5% broadly, with short-to-medium-term IV down more than 10%, and Ethereum’s IV declined even more, source: @GreeksLive. According to @GreeksLive, these shifts signal subdued market expectations with consensus pointing to low volatility over the next two weeks and a high probability of a gradual drift lower, source: @GreeksLive.

According to @GreeksLive, for Dec 1–7 total notional executed via block trades reached $73,634,186, or $73.6 million. Source: @GreeksLive on X, Dec 8, 2025. According to @GreeksLive, $72.1 million cleared on Deribit and $1.5 million on OKX within the period. Source: @GreeksLive on X, Dec 8, 2025. According to @GreeksLive, venue share based on reported notional was approximately 97.96% Deribit and 2.04% OKX. Source: @GreeksLive on X, Dec 8, 2025. According to @GreeksLive, a recap of the top five block trades executed via greeks.live for the week was published. Source: @GreeksLive on X, Dec 8, 2025.

According to @QCPgroup, institutional flow is transforming the digital assets market as hybrid execution models bridge CEX and DEX liquidity and manage large block trades more efficiently, source: QCP (@QCPgroup) on X, Nov 25, 2025. These developments are pushing crypto market structure toward TradFi-level maturity with deeper liquidity, more robust price discovery, and integrated credit and collateral systems, source: QCP insights recap on qcpgroup.com and QCP (@QCPgroup) on X, Nov 25, 2025.

According to @GreeksLive, notional block-trade volume for Nov 17-23, 2025 totaled $521,737,122 across Deribit and OKX, source: @GreeksLive. Deribit accounted for $516.9 million, while OKX recorded $4.8 million, implying approximately 99.1% vs 0.9% venue share based on the reported figures, source: @GreeksLive. The seven-day average notional volume was about $74.5 million per day, calculated from the stated total, source: @GreeksLive. A recap of the top five block trades for the week was also provided by the source, source: @GreeksLive.

According to @binance, Binance OTC and Execution Services are now available directly in the mobile app, enabling large crypto order execution on mobile. Source: Binance tweet https://twitter.com/binance/status/1991990006911529332 and Binance blog https://www.binance.com/en/blog/otc/2682417986752060052. According to @binance, traders can execute large orders with unmatched speed and the tightest spreads via what it describes as the industry’s largest network of liquidity providers, improving pricing for block trades. Source: Binance tweet https://twitter.com/binance/status/1991990006911529332 and Binance blog https://www.binance.com/en/blog/otc/2682417986752060052.

According to @GreeksLive, for November 10–16, Greeks.Live recorded $291,395,013 in notional block trade volume, including $288.7 million on Deribit and $2.7 million on OKX, reflecting the week’s executed flow as reported by the firm. source: @GreeksLive via X on Nov 17, 2025 According to @GreeksLive, a recap of the top 5 block trades for the week is available on greeks.live for further review. source: @GreeksLive via X on Nov 17, 2025