Are Traders Done With Ether? Options Market Now Prices Higher Risk for ETH Than BTC

Description

It's become more expensive to use derivatives to insure against a decline in ether (ETH) than in bitcoin (BTC), indicating that market sentiment has shifted against the second-largest cryptocurrency by market cap, data from Deribit shows. The sentiment shift comes after weeks of big money favoring ether over its larger peer. According to data from Amberdata, ether's 25-delta risk reversals for options expiring in August and September were trading at -2% to -7%. That means put options, which prov...