Deribit Exchange Reports Ether Volatility Spike as PEPE Captures Trader Interest
Ether has significantly outpaced Bitcoin in volatility expectations, with Deribit’s ETH DVOL index surging 11% to an annualized 70% this week. The spread between ETH and BTC volatility metrics now stands at 27%, marking the widest gap in at least two years.
Traders are positioning for heightened activity across altcoins, with PEPE emerging as a standout performer. This growing divergence indicates shifting capital flows toward Ethereum and smaller digital assets as cryptocurrency markets continue their upward trend.