Analyst: Funds are shifting from Bitcoin to Ethereum, and the derivatives market indicates that investors expect Ethereum to rise further

ChainCatcher news, according to The Block, Wintermute analysts indicate that funds are shifting from BTC to ETH, with the derivatives market suggesting that investors expect Ethereum to rise further.

Over the weekend, the open interest in Ether surged, while implied volatility also increased, and the demand for call options has noticeably risen, indicating that the confidence of derivatives traders is continuously strengthening.

Analysts state that the shift from Bitcoin to Ether is characterized by a sharp rise in Ether's implied volatility, with the put-call skew reaching its highest level in 12 months, indicating a strong preference among investors for upside risk.

According to Wintermute analysts, traders are actively pushing the market higher through upward buying. Wintermute analysts noted in their weekly cryptocurrency market update: "In the past few trading days, funds have flowed into Ethereum, as the open interest on trading platforms surged to an all-time high over the weekend."