【Wintermute Analyst: Funds are shifting from BTC to ETH, derivative market activity surges】Golden Finance reports that Wintermute analysts indicate that funds are shifting from BTC to ETH, with a surge in derivative market activity. Over the weekend, open contracts for Ether surged while implied volatility also increased, and the demand for call options has significantly risen, indicating that the confidence of derivative traders is steadily increasing. The analysts noted that the shift from Bitcoin to Ether is characterized by a sharp rise in Ether's implied volatility, with the put-call skew reaching its highest level in 12 months, indicating a very strong preference among investors for upside risk. According to Wintermute analysts, traders are actively pushing the market higher through upward buying. Wintermute analysts pointed out in their weekly cryptocurrency market update: 'In the past few trading days, funds have flowed into Ether, as the open contracts on exchanges over the weekend surged to historical highs.'

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