ChainCatcher News, interesting trends have emerged in the blockchain market recently! BTC has been hovering below $100,000 for several days, and the market focus is gradually shifting to ETH, which has strongly broken through the key level of $3,500, triggering an overall recovery in altcoins.

From on-chain data, the implied volatility (IV) of BTC short-term options has significantly declined after peaking, while ETH's IV has remained above 80%, indicating a strong breakout trend. The IV gap between the two has exceeded 20%, reflecting that the market's bullish sentiment towards ETH is significantly higher than bearish sentiment.

Comprehensive options market data suggests that ETH's upward potential is considered more explosive, making it the focal point of investor attention.