Traders reach strong consensus on bearish ETH, but are bullish on BTC
According to ChainCatcher, Greeks.Live macro researcher Adam stated that there is a strong consensus in the community to be bearish on ETH, believing that its upside potential above $4,100 is limited and that there is a possibility of a significant decline. Traders are actively selling both ETH put and call options, betting that it will remain weak and fluctuate within a range.
In contrast, the market's bullish outlook on bitcoin is becoming apparent, with $115,000 seen as the trigger point for a substantial rally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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