A recent report reveals a significant forking in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, published its latest Crypto Derivatives Analytics Report in collaboration with BlockScholes.
According to that report, market trends and trading signals across spot trading volume, futures, options, and perpetual contracts show a growing bullish sentiment toward ETH.
Investors are optimistic about ETH because of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC even amidst the recent market activity and sell-off.
New Insights on ETH and BTC
Despite the recent market slump, ETH futures have recovered in open interest quicker than BTC. This indicates a robust market narrative around ETH and its prospects. Also, higher trading volumes in ETH perpetual contracts suggest substantial long positions driven by strategic positioning ahead of market developments.
During the recent crypto sell-off, there was a surge in trade volume for perpetual swaps, with many traders closing their long positions.
“The larger trade volume activity in ETH suggests that traders were caught in long positions in greater magnitude, possibly due to positioning ahead of a expected ETF start-of-trading date,” the report read.
Additionally, ETH options market volatility remains high, particularly in anticipation of ETF approval, contrasting with BTC options’ more defensive stance.
There has also been significant trading volume in ETH calls, far surpassing the activity in its puts.
Eugene Cheung, Bybit’s Head of Institutions, commented “The latest data underscores ETH’s resilience and market appeal as we approach key regulatory milestones. Investors are demonstrably positioning themselves favorably amidst growing market expectations.”
A recent report reveals a significant forking in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, published its latest Crypto Derivatives Analytics Report in collaboration with BlockScholes.
According to that report, market trends and trading signals across spot trading volume, futures, options, and perpetual contracts show a growing bullish sentiment toward ETH.
Investors are optimistic about ETH because of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC even amidst the recent market activity and sell-off.
New Insights on ETH and BTC
Despite the recent market slump, ETH futures have recovered in open interest quicker than BTC. This indicates a robust market narrative around ETH and its prospects. Also, higher trading volumes in ETH perpetual contracts suggest substantial long positions driven by strategic positioning ahead of market developments.
During the recent crypto sell-off, there was a surge in trade volume for perpetual swaps, with many traders closing their long positions.
“The larger trade volume activity in ETH suggests that traders were caught in long positions in greater magnitude, possibly due to positioning ahead of a expected ETF start-of-trading date,” the report read.
Additionally, ETH options market volatility remains high, particularly in anticipation of ETF approval, contrasting with BTC options’ more defensive stance.
There has also been significant trading volume in ETH calls, far surpassing the activity in its puts.
Eugene Cheung, Bybit’s Head of Institutions, commented “The latest data underscores ETH’s resilience and market appeal as we approach key regulatory milestones. Investors are demonstrably positioning themselves favorably amidst growing market expectations.”
A recent report by Bybit, the second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, highlights a significant shift in investor sentiment favoring Ethereum (ETH) over Bitcoin (BTC). The Crypto Derivatives Analytics Report reveals that key market trends and trading signals indicate a growing bullish outlook for ETH. This optimism is largely driven by the anticipated launch of the first Ether Spot ETFs in the United States, which has maintained ETH’s volatility premium over BTC despite recent market turbulence.
The study finds that ETH futures have bounced back in open interest faster than BTC, suggesting a strong narrative around ETH’s future prospects. Increased trading volumes in ETH perpetual contracts indicate substantial long positions as investors strategically position themselves ahead of market developments. During a recent crypto sell-off, there was a notable increase in trade volume for perpetual swaps, with traders closing long positions, likely in anticipation of the upcoming ETF launch.
ETH options market volatility remains high compared to BTC options, reflecting market anticipation of ETF approval. Significant trading volume in ETH call options further underscores this, surpassing activity in put options. Eugene Cheung, Bybit’s Head of Institutions, noted that the data highlights ETH’s resilience and market appeal as it approaches key regulatory milestones, with investors positioning themselves favorably amid rising market expectations.