Can the institutional demand of Ethereum counteract the merchants of bearish options?

Experts highlight a hard divergence between Ethereum’s bearish options and bundle institutional entries.

The second largest cryptography for market capitalization has seen a perpetual decrease in open interest by 2% of $ 24.6 billion to $ 24.1 billion from September 1, according to Coinanyze. Bitcoin’s upward perspective in the same period, however, is bullish, accompanied by growing open interest.

Ethereum’s bearish positioning is evident in the Deribit data, which shows “a great increase in the open interest of the positions since the end of August,” said Andrew Melville, head of research at the Crypto Derivative Analysis Platform Decipher.

This hurry to buy protection is remarkably changing the market and has caused the price of bearish bets to become more expensive than the optimists, Melville explained. This trend, which began with Bitcoin, has now extended to Ethereum, indicating that Ethereum Investors are becoming more cautious.

Sean Dawson, Chief of Research of Derive, said Decipher The bearish coverage is concentrated in specific price objectives and deadlines.

“For ETH, on September 12, we see almost 10% of the volume in the last 48 hours in the $ 3600, $ 3800 are put as merchants for a strong setback,” he said.

Looking further, Dawson observed a Put volume group around the attacks of $ 4,000 and $ 5,000 for the expiration of September 26, indicating an expectation of a more moderate correction for the end of the month.

“In general terms, Ethereum’s position is bassist and indicates a mild correction by the end of the month,” said Dawson, a position that contrasts with a moderately bullish perspective for Bitcoin, according to Decipher Previous report.

Ethereum Netflow decreased to 183 ETH after witnessing an entry of 348,236 ETH on August 25, according to Dune data. Depression indicates that investors have not stampled their assets when Ethereum withdrew from its new historical maximum of $ 4,955 of August 24, indicating a possible activity of obtaining profits that coincides with the 12% fall of Ethereum since then.

The second largest cryptocurrency is currently traded at $ 4,368, according to Coingcko data.

Compare the defensive positioning in the options markets and the wave of innumery with the ETF Alcista inputs highlights a growing division.

The entries of the quoted fund (ETF) for Ethereum show confidence, with the August flows that reach $ 3.87 billion and an additional of $ 1.08 billion arriving only in the last week, as shown by Sosovalue’s data.

On the contrary, this action dramatically exceeds the Bitcoin ETFs, which saw net exits of $ 751.12 million for August despite the $ 440.71 million positive last week.