XRP, BTC, SOL News: XRP, Solana See Bullish Reset in Sentiment as Bitcoin, Ether Lag
XRP and SOL options show renewed bullish sentiment via positive 25-delta risk reversals, contrasting with bearish readings for Bitcoin and Ether.Summary
XRP and Solana's SOL are showing a bullish sentiment reset, evidenced by positive 25-delta risk reversals across all near-term expiries on Deribit, indicating traders are paying a premium for call options.
This bullish shift contrasts sharply with Bitcoin (BTC), whose risk reversals remain negative across all tenors, suggesting traders are concerned about downside risks, although this may partly reflect yield generation via call overwriting. Ether (ETH) also shows bearishness in near-term options, flipping positive only in later expiries.
Despite the options market signaling bullishness for XRP and SOL, perpetual futures markets for XRP, BTC, SOL, and ETH exhibit neutral sentiment, with funding rates hovering near zero, typical after a major price crash that liquidated $20 billion in leveraged bets.
(Source：CoinDesk)