Analysis: Funds are flowing from BTC to ETH, and derivatives traders' confidence in ETH's recent rise is strengthening

Odaily Planet Daily News: Analysts have observed that funds are shifting from BTC to ETH, with the derivatives market indicating that investors expect ETH to rise further. Last weekend, the open interest in ETH surged, while implied volatility increased, and the demand for call options also rose significantly, indicating that the confidence of derivatives traders is strengthening. Wintermute analysts noted that the shift from BTC to ETH is characterized by a sharp rise in the implied volatility of the latter, with the put-call skew reaching its highest level in 12 months, indicating a strong preference among investors for the upside risk of ETH. Traders are actively pushing the market higher through upward buying: “Over the past few trading days, funds have flowed into ETH, and last weekend the open interest on exchanges surged to an all-time high.” (The Block)