According to Wu Shuo, Deribit Insight reports that BTC had a strong start to the new year, with a buyer spending $12 million to purchase March 100k options (partly for short covering), as well as March 115k and 120k call options. The liquidity of Ethereum's options trading is not worth discussing, but due to volatility, ETH's implied volatility (Dvol) still has a premium of 10% over BTC.