BTC & ETH Block trading is back on fire

Block trading, which has been dormant for days, is back on fire, with significant growth in block trades traded today, with a notional value of over $500 million.
3,643BTC block call options traded, accounting for 24% of the day's total trading, 2,084BTC block put options traded, accounting for 14% of the day's total trading.
31430ETH block call options traded, accounting for 20% of the day's total trading, 28488ETH block put options traded, accounting for 18% of the day's total trading.
From the distribution of options, the main focus is on selling call options and buying put options.
Combined with the current data that BTC's medium-term IV has fallen below 50%, the current options whales are very unimpressed with this month's market.