On April 30th, according to The Block, the volatility of Bitcoin and Ethereum this week has dropped to a 7-day low point, with BTC and ETH options open interest (OI) increasing by approximately $1 billion and $150 million respectively. Data from the Derive platform shows that 73% of the premium in BTC options is used to buy call options, while the ETH ratio is even higher at 81.8%. The number of call options is 3 times and 4 times higher than put options, indicating strong bullish sentiment. However, data from mainstream platforms like Deribit show that the overall market remains cautious. Analysts suggest that even in the worst-case scenario, BTC and ETH are expected to maintain their current range in May.
All Comments