ETH Bearish news: The top six option trades are all put options, with the hottest one betting on a drop to 1900 what are people most willing to spend money on in the ETH options market? The answer is downside protection
In the past 24 hours, the six most traded ETH options are all puts, with the top one expiring on November 6 and a strike price of $1900, about 16% below the current price
The latest ETH options implied volatility surged to about 59%, higher than BTC's approximately 51%, and the near-month put premium is also significantly higher than the far-month, indicating more short-term fear of a drop than fear of missing out (CoinDesk)
Futures are also retreating, with ETH contract open interest down 2.18%, a larger drop than the 0.83% price decline, indicating position closures
ETH is currently quoted at $2286.8, down 0.15% in 24 hours, down 1.99% in 7 days, with this week's low at 2196.49. if it breaks below 2200, the next watched level will be around 1900.