📉📈 According to CoinDesk, there is a prevailing bearish sentiment in the options market for Ethereum (ETH). Both short and long ETH put options are trading at a premium compared to calls, indicating a continued bearish outlook. The Ethereum call-put skew, which measures the implied volatility premium of call options over put options, is currently well below zero. This suggests that the cost of put options used to hedge against price declines is relatively high. On the other hand, while there is a bearish view for the short term in the Bitcoin options market, there is maintained bullish betting for the long term. 📊📉 #Ethereum #OptionsMarket #BearishSentiment