Today, let's talk about the current market trends of Bitcoin (BTC) and Ethereum (ETH);
Although Republican candidate Trump is currently leading Democratic candidate Kamala Harris in the prediction market, Ethereum (ETH) market sentiment is more bearish than Bitcoin (BTC). Ethereum's short-term and long-term risk reversal indicators are more negative than Bitcoin, indicating that Ethereum traders are more inclined to hedge potential downside risks.
In contrast, traders expect Bitcoin's volatility to increase after the results of the US election are announced, while Ethereum's optimism may not appear until the end of December.
In addition, data on decentralized exchanges also show that the selling volume of Ethereum call options is much higher than the buying volume, indicating that traders have limited expectations for Ethereum's recent rise. At the same time, Trump's leading position has intensified optimism about Bitcoin and decentralized finance (DeFi), especially due to his launch of the DeFi project World Liberty Financial in September.
However, a Trump victory may be more beneficial to Ethereum competitor Solana, while a Harris victory may be more beneficial to Ethereum;
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