Currently, the cost of derivatives to insure against price drops is more for Ether (ETH) than Bitcoin (BTC), highlighting a negative shift in market sentiment towards Ethereum. The options data indicates that Ether’s put options are trading at a higher premium compared to call options, signaling concerns about downside risks.
Ether had a notable 48% surge in July, reaching $3,941, but has since faced a decline, currently priced at 3,600 USD, down over 6% in 24 hours. Meanwhile, Bitcoin saw a 3% loss, trading at 114,380 USD, reflecting that attention has shifted from Ether’s recent gains.
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