Traders, Betting More On Ethereum Rise Than BTC

Recent analysis has shown that traders in the futures and options market have a more optimistic outlook on Ethereum (ETH) than Bitcoin (BTC). CoinDesk reported on the 28th (local time), "The main indicators that show the overall investment flow of the market are leaning towards Ethereum's strength."

One example is the 25 Delta Risk Reversal indicator from the representative derivatives exchange Deribit, where ETH recorded a higher figure than BTC. This means that traders are placing a larger premium on the possibility of a rise rather than a fall.

This sentiment is also detected in the futures open interest at the Chicago Mercantile Exchange (CME). While BTC has remained stagnant at about $17 billion over the past week, ETH has surged by 186% since early April, reaching about $3.15 billion. This indicates that interest in ETH is rapidly increasing even among institutional and professional investors.

The annualized premium on ETH one-month futures exceeded BTC, standing at 10.5% compared to BTC's 8.74%. Such a high price premium signals that the market is valuing ETH's short-term upside potential more highly.

Market experts believe that recent expectations for ETH ETF approval, DeFi and Layer 2 ecosystem expansion, and potential technical rebounds are stimulating the optimism for Ethereum.