Greeks.live Researcher: Current Options Market Indicates Higher Upside Potential for ETH

BlockBeats News, November 27th, Researcher Adam from Greeks.live posted on social media that BTC has been adjusting below $100,000 for multiple days, while ETH has strongly broken through the key level of $3,500. This shift in focus from BTC to ETH in the market has also driven the overall recovery of altcoins.

Looking at the options data, this week BTC's short-term options IV has seen a significant drop after reaching a peak, while ETH has consistently remained above 80%, showing signs of a breakthrough trend. The IV difference between the two has exceeded 20%.

At the same time, we have observed that the bullish sentiment for ETH is significantly higher than the bearish sentiment. Taking all the above into consideration, the current options market believes that ETH has a higher breakout potential for an upward movement, making it worthwhile to buy calls.