According to an analysis by macro researcher Adam from Greeks.live, BTC has been adjusting below $100,000 for several consecutive days, while ETH has strongly broken through the key level of $3,500. This has caused market attention to gradually shift from BTC to ETH, and the rise of ETH has also driven the overall recovery of altcoins. From the options data, this week BTC's short-term options IV has clearly peaked and retreated, while ETH has maintained a high level of over 80%, and there are signs of a breakthrough trend. The IV difference between the two has exceeded 20%. It is also observed that the bullish sentiment for ETH is significantly higher than the bearish sentiment. Considering the above factors, the current options market believes that ETH has a higher potential for explosive growth.