TechFlow news, October 11 — According to CoinDesk, despite Donald Trump's widening lead in U.S. presidential election prediction markets, Ethereum traders remain more bearish than Bitcoin traders. Data from Amberdata and Deribit show that Ethereum’s risk reversal metric is more negative than Bitcoin’s across both short- and long-term expiries, indicating stronger bearish sentiment toward Ethereum.
The risk reversal metric measures the premium of call options relative to put options. As of October 11, the risk reversal for Ethereum options expiring on that date stands at -7.3%, compared to -5.8% for Bitcoin. This trend holds across all expiry dates before the end of October. Bitcoin’s risk reversal turns positive starting November 8, while Ethereum does not show a bullish signal until the end of December.
On the decentralized exchange (DEX) Derive, the sell-to-buy ratio for Ethereum call options reached 2.5:1 in September, significantly higher than the balanced level seen in Bitcoin options. Nick Forster, founder of Derive, said this discrepancy suggests traders believe Ethereum has limited upside potential.
