Odaily Planet Daily News: Bitcoin and Ethereum prices have remained relatively stable, while U.S. stock index futures have weakened. A risk-averse sentiment has spread across the market, prompting traders to shift toward safe-haven assets such as gold and silver. However, the altcoin sector has shown slight strength. Due to expectations of a major upgrade in early February, LayerZero's ZRO token has risen 12% in the past 24 hours, while TRX and DASH have each increased by about 3%. Derivatives data shows that since the price decline at the beginning of the week, long-position traders have been caught off guard, and Bitcoin's 30-day annualized implied volatility index (BVIV) has dropped back to 40%. According to Deribit data, the price of short-term and near-term Ethereum put options is higher than that of Bitcoin put options, indicating that traders are more bearish on Ethereum. In terms of large trades, the market prefers Bitcoin straddle options (bets on volatility) and Ethereum bear spread strategies. (CoinDesk)
Options Trading Shows Bearish Bias for ETH Amid Rising Risk Aversion
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Summary
Options market activity indicates a bearish trend for Ethereum, as short-term put options are trading at higher levels compared to Bitcoin. Risk aversion is increasing with weaker U.S. stock index futures, prompting capital to flow toward gold and silver. ZRO surged 12% in 24 hours ahead of a LayerZero upgrade, while TRX and DASH increased by 3%. Large traders are currently favoring ETH bear spreads and Bitcoin straddles.
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