4 months ago
Deribit-listed options amusement a persistent bullish outlook for bitcoin comparative to ether, pursuing President Donald Trump's omission of immoderate crypto notation successful his inaugural code connected Monday.
As of noon Hong Kong Time, BTC telephone options, which connection a bullish vulnerability successful the starring cryptocurrency, traded pricier than ETH calls crossed clip frames, according to hazard reversals tracked by Amberdata. Risk reversal measures the quality betwixt implied volatility for calls comparative to puts, with affirmative values signaling a bullish sentiment.
BTC's hazard reversals amusement short-term and near-term calls trading astatine a 4 to 5 volatility points premium to puts. Meanwhile, ETH calls commercialized astatine a comparatively lesser volatility premium to puts.
In different words, the ether-bitcoin ratio is seen extending the downtrend. The ratio deed a three-year debased of 0.03 aboriginal this week.
The bias favoring BTC is peculiarly striking fixed that Trump did not notation the strategical bitcoin reserve connected Monday, contempt anterior rumors suggesting helium would.
At the aforesaid time, a study showing GOP legislature priorities didn't see mentions of bitcoin oregon crypto.
Traders connected the decentralized betting level Polymarket now see a 38% accidental of Trump announcing a strategical BTC reserve successful his archetypal 100 days of presidency. That's down from astir 50% a time ago.
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