TechFlow news: Renewed optimism around the potential approval of a spot Ethereum exchange-traded fund (ETF) has driven Ethereum call option prices above put options, indicating bullish market sentiment.
Luuk Strijers, CEO of Deribit, noted that the put-minus-call skew across all expiration dates is negative and has further increased after the end-of-June expiry, which is a notably bullish signal. Additionally, the annualized basis has risen to approximately 14%, another bullish indicator. This suggests traders are willing to pay higher premiums for call options—especially those expiring at the end of June and beyond—anticipating rising Ethereum prices, while showing less willingness to pay elevated premiums for put options.
Strijers pointed out that Deribit recorded nearly unprecedented trading volume over the past 24 hours, reaching $12.5 billion in notional value, reflecting a surge in market activity and interest.
