Posted 12/6/2023, 8:05:00 AM
Ether Futures See Faster Growth Than Bitcoin Amid Shift in Trader Sentiment
- Money starting to flow into ether futures on CME faster than bitcoin, with ether open interest up 30% vs bitcoin's 19% recently
- Ether futures premium over spot price now higher than bitcoin's, suggesting stronger demand for ether
- Options data shows traders leaning toward ether calls over puts, signalling bullish bias, while bitcoin call-put skew has declined
- Bitcoin has rallied 60% this quarter while ether lagged at 35%, but gap may narrow with derivatives flows favoring ether
- Bitcoin may take breather allowing ether to play catch up in coming weeks