On $BTC, call premium bought was $1.43M versus put premium bought at $301K, and bought calls can hedge. The biggest print was a block sell of $1.64M in the 25SEP26 78000 put, with blocks making up 44% of prints, but the daily balance matters more than any single print.
Since 2021, days in this very low band saw a median +0.0% BTC move over the next 7d (n=391, base +0.2%, 5y of records). History, not a forecast.
August 30, 2026 70 1
