[Ether Options Daily] Open Interest at $5.64884 Billion; $2,600 Call Options Lead in Trading Volume

Ethereum options open interest stood at $5.60 billion as of 9:50 a.m. on the 1st, down 4.17% from the prior day's $5.85 billion, according to Coinglass data, while 24-hour options volume reached roughly $775.54 million. Despite the contraction in total positions, the market retained a bullish tilt, with calls accounting for 62.61% of open interest versus 37.39% for puts, and an even stronger call skew in daily flow at 67.19% of volume versus 32.81% for puts. The $2,600 strike led call option trading volume, signaling concentrated short-term upside positioning. The combination of shrinking OI and call-heavy flows suggests traders are reducing overall exposure while still favoring upside bets, a pattern that can precede volatility as positions consolidate. Market watchers should track whether the call dominance persists in coming sessions and whether the $2,600 strike continues to anchor activity, as shifts in this skew would signal a change in directional sentiment.