- Ether’s 90-day puts are more expensive than calls on Deribit for the first time since January, according to Amberdata.
- The sentiment is relatively bullish in the bitcoin options market.
The call-put skew is a measurement from the options market indicating the difference in cost for investors to protect against or profit from price swings in different directions.
The 60-day difference in price between buying Ethereum immediately and waiting for 60 days to make the purchase dropped to -3%, which is its lowest point since last October. This decrease occurred after both the seven-day and 30-day price differences also decreased.
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The feeling towards Bitcoin in the market is generally positive, as evidenced by the higher cost of buying call options compared to put options for the past 60, 90, and 180 days. Similarly, Ether’s option skew indicates a slight bullish trend over the same time frame.
In simpler terms, the price difference between ether options being relatively cheaper compared to their actual value aligns with the “death cross” pattern observed in the ether-bitcoin chart. This pattern typically indicates a prolonged period of ether not keeping up with bitcoin’s performance.
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2024-04-17 14:26