[Ether Options Daily] Open interest $5.29346 billion... Top trading volume is $1,800 put option

Ethereum options open interest fell 4.96% to $5.29346 billion from $5.56953 billion the prior day, while 24-hour options volume reached about $1.98806 billion, according to CoinGlass data as of 9:50 a.m. on the 15th. Calls accounted for 63.54% of open interest versus 36.46% for puts, and made up 54.88% of trading volume versus 45.12% for puts, indicating that both medium-term positioning and short-term flows leaned bullish. Despite that tilt, the single most-traded contract was the $1,800 put, showing concentrated demand for downside protection. The mix of net call dominance and heavy put activity in the most liquid strike points to a market hedging against a pullback while maintaining upside exposure. Traders will watch whether the $1,800 put volume persists and whether the declining open interest stabilizes or extends in the sessions ahead.