ChainCatcher message, Greeks.live researcher Adam stated that BTC has been adjusting below 100,000 USD for several consecutive days, while ETH has strongly broken through the key level of 3,500 USD. This has caused market attention to gradually shift from BTC to ETH, and the rise of ETH has also boosted the overall recovery of altcoins.

From the options data, this week the short-term implied volatility (IV) of BTC has notably spiked and then retreated, while ETH has consistently maintained above 80%, and is subtly showing a breakout trend. The IV difference between the two has exceeded 20%. At the same time, it is observed that the bullish sentiment for ETH is significantly higher than bearish sentiment. Considering the above situation, the current options market believes that ETH's upward potential is stronger and is worth buying calls.