According to ChainCatcher news, The Block reports that Wintermute analysts say funds are moving from BTC to ETH, and the derivatives market indicates that investors expect Ethereum to rise further.
Over the weekend, open contracts for Ethereum surged, while implied volatility also rose, and the demand for call options increased significantly, indicating that the confidence of derivatives traders is continually strengthening.
Analysts say that the shift from Bitcoin to Ethereum is characterized by a sharp rise in Ethereum's implied volatility, with the put-call skew reaching its highest level in 12 months, indicating a very strong preference among investors for upward risk.
According to Wintermute analysts, traders are actively pushing the market higher through upward buying. Wintermute analysts noted in their weekly cryptocurrency market update: 'In the past few trading days, funds have flowed into Ethereum as open contracts on trading platforms surged to historic highs over the weekend.'
