Smart money is hedging bitcoin more aggressively than ether :Crypto Daybook Americas
CoinDesk
Options market data indicates that institutional traders are hedging against bitcoin price drops more aggressively than they are for ether.Summary
The cryptocurrency options market reveals that institutional investors are currently more cautious about bitcoin than ether. A key metric known as a risk reversal shows that put options, which provide protection against price declines, are more expensive for bitcoin across all time frames. This suggests that 'smart money' is prioritizing downside protection for bitcoin, while ether is perceived as relatively more resilient. Analysts note that this sentiment could signal a potential bullish shift in the ether-to-bitcoin ratio, which has been in a long-term downtrend.
(Source：CoinDesk)