Ethereum Options Defy Bearish Bets: Bullish Sentiment Holds Strong Amid Put Volume Spike

Wall Street's favorite casino game—crypto derivatives—just got more interesting. Ethereum options traders are doubling down on bullish bets, even as put volumes scream caution. Here's why the smart money isn't flinching.

The Put Paradox

While bearish contracts flood the market, open interest tells the real story: whales are positioning for upside. The put-call ratio looks ominous at first glance—until you spot the institutional fingerprints stacking calls at key strike prices.

Gamma Trap Loading?

Market makers are caught in their own web. With volatility compressed and spot prices coiled, one big move could trigger a gamma squeeze that sends ETH rocketing past resistance levels. (Cue the 'institutional adoption' narrative.)

The Cynic's Corner

Of course, none of this matters when the Fed flips its liquidity spigot—the only derivative that really moves crypto markets. But until then, enjoy the leveraged punters pretending this is price discovery.