Ether Puts Remain Popular Despite ETH/BTC Ratio Increase

By Cora Skindell Aug 23, 202350Views

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Options Skew Favors Ether Puts Despite Rise in ETH/BTC Ratio

Options data tracked by Amberdata indicates a bearish outlook for ether, with traders hedging against potential price weakness across various timeframes. The short-term and long-term ether call-put skews show relatively higher prices for puts, indicating a bias for put options. On the other hand, bitcoin exhibits a bias for puts in the short-term and long-term skews, but a preference for calls in the remaining timeframes. This bias for long-term BTC calls may be due to the belief that bitcoin is the go-to asset in the crypto market and would benefit from positive macroeconomic changes. Additionally, bitcoin’s upcoming mining reward halving is expected to pave the way for a major bull run. Despite recent losses, analysts attribute ether’s outperformance to factors such as expectations for ETH futures-based exchange-traded funds and market maker hedging activity.

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Cora Skindell

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.