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Attention crypto traders! Ether options are showing a notable bias for weakness over the next three months. According to data from Amberdata, 90-day puts on Ether are now more expensive than calls on Deribit for the first time since January. This shift indicates that crypto investors are betting on a potential drop in Ether's value.
The call-put skew, a measure of sentiment in the options market, has flipped negative for Ether's three-month options, suggesting a preference for put options as traders seek protection against potential price slides.
In contrast, sentiment in the Bitcoin options market remains relatively bullish, with calls outweighing puts across various timeframes. However, it's important to note that Ether's 180-day skew still shows a slight bullish bias.
This relative bearishness in Ether options aligns with the recent death cross pattern in the Ether-Bitcoin ratio, indicating a possible extended period of underperformance for Ether compared to Bitcoin.
Stay informed and trade wisely on Binance! đđ #CryptoUpdate #EtherOptions #BitcoinSentiment #bitcoinhalving
