Bitcoin is back to the $44,000, driving block trades of over $100 million in call options in the last hour, and the BTC market, which had been relatively quiet today, is once again in a bullish mood, with rallies in all major term IVs.
In contrast, ETH saw a divergence in trend, having had a block trade buying over $100 million of puts earlier in the day. Even during the rally just now, it is still block put that are dominating the market.
Longs are now concentrated on BTC, while shorts still dominate on ETH.
In contrast, ETH saw a divergence in trend, having had a block trade buying over $100 million of puts earlier in the day. Even during the rally just now, it is still block put that are dominating the market.
Longs are now concentrated on BTC, while shorts still dominate on ETH.