TechFlow News, October 11, CoinDesk reported that despite Trump's widening lead in the US presidential election prediction market, Ethereum traders are more pessimistic than Bitcoin traders. According to data from Amberdata and Deribit, Ethereum's risk reversal indicator is more negative than Bitcoin in both short-term and long-term expiration dates, indicating that the market has a stronger bearish sentiment towards Ethereum.
The risk reversal indicator measures the premium of call options relative to put options. Currently, the risk reversal for Ethereum options expiring on October 11 is -7.3%, while Bitcoin is -5.8%. This trend is reflected in all expiration dates until the end of October. Bitcoin's risk reversal indicator turned positive from November 8, while Ethereum will not show a bullish signal until the end of December.
On decentralized exchange (DEX) Derive, the ratio of puts to calls on Ethereum call options for September reached 2.5:1, far higher than the balance level of Bitcoin options. Derive founder Nick Forster said the difference shows that traders believe Ethereum's upside is limited.
