Experts highlight the harsh differences between Ethereum’s bearish choice activity and bullish institutional influx.
According to Coinanlyze, the second-largest crypto by market capitalization has seen constant public interest fall from 2% to $24.1 billion since September 1st. However, Bitcoin’s bullish outlook at the same time has been bullish and there is growing open interest.
Ethereum’s bearish position is evident in the data from Delibit. This indicates a “significant increase in open interest in puts since the end of August.” Decryption.
This rush to buy protection has changed the market significantly, making the price of bearish bets more expensive than bullish ones, Melville explained. This trend, which began with Bitcoin, is now expanding to Ethereum and shows it Ethereum Investors are becoming increasingly cautious.
Sean Dawson, Derive’s research director, said Decryption Bearish hedges are concentrated on specific price targets and time frames.
“For ETH, which expires on September 12th, we can see almost 10% of the volume at $3,600 over the last 48 hours.
More specifically, Dawson observed put volumes clustering strikes of around $4,000 and $5,000 due to the September 26 expiration date.
“Broadly, Ethereum’s stance is bearish and there’s a signal for a mild fix by the end of the month,” Dawson said. Decrypt’s Previous report.
Ethereum Netflow dropped to 183 ETH after witnessing an influx of 348,236 ETH on August 25th per dune data. The slump shows investors unraveling their assets as Ethereum retreated from its new all-time high of $4,955 on August 24th.
According to Coingecko data, the second largest cryptocurrency is currently trading at $4,368.
Comparing defensive positioning in the options market and staking fuss with bullish ETF influx increases the gap.
According to SoSovalue data, the August flow reached $3.87 billion and an additional $1.08 billion, resulting in an influx of Ethereum’s exhibition fund (ETF) as the August flow reached $3.87 billion and an additional $1.08 billion arrived, according to data from SoSovalue.
In contrast, the performance dramatically outperformed the Bitcoin ETF, with net flow of $75112 million in August despite a positive of $440.71 million last week.
