Update
Ethereum Options Show Downside Skew
Ethereum options markets indicate a downside skew, with puts trading at a premium to calls. This signals traders are more worried about a drop than a rally. ETH has slipped 8% over the past month, while Bitcoin has gained 1.5% over the same period. The 1-week 25-delta skew for ETH is +7.4 vol points, sitting at the 11th percentile, indicating defensive sentiment. ETH options open interest remains heavily tilted toward calls, with calls making up approximately 63% of open interest and puts at roughly 37%.