Odaily News Block Scholes, an analytics and research platform, said in a new report that the level of implied volatility in Bitcoin and Ethereum options across different expiration dates has risen significantly. This surge is particularly evident in short-term options, indicating increased uncertainty in the near term. Analysts said that the derivatives market has a clear preference for out-of-the-money put options on Bitcoin and Ethereum in the short term. As spot prices struggle to recover from recent declines, this trend indicates a stronger short-term bearish outlook. Some aggressive traders may want to buy call options expiring at the end of September, when uncertainty should ease.