Greeks.live: Options data shows Bitcoin bulls still have power, Ethereum bulls are more vulnerable

PANews news on April 18, Greeks.live researcher Adam said on the X platform that although Bitcoin fell below the $60,000 mark yesterday, Ethereum fell below the $3,000 mark, and market panic spread extremely, the main term option IV is declining significantly.

Mainly due to the sharp drop in call option prices, the current monthly skew has hit a new low since the current bull market, that is, the price of put options is much higher than that of call options, while medium and long-term options have fallen close to the zero axis.

Judging from options indicators, Ethereum’s bulls are relatively fragile and have limited ability to lead the market. The bullish power of Bitcoin still exists, and the halving will be this Saturday. This month’s bull market still needs Bitcoin to lead.