Analysis: Institutional funds begin to favor Ethereum, and indicators from three major derivatives exchanges show a bullish trend for ETH

Odaily News Recent derivatives market data shows that institutional investors' interest in Ethereum (ETH) is rising, showing a bullish tendency compared to Bitcoin (BTC). First, the risk reversal indicator of the Deribit options market shows that the price of ETH call options is higher than that of put options, indicating that investors expect ETH prices to rise. Second, CME data shows that the number of open interest in ETH futures has grown faster than BTC, reflecting that more funds are flowing into the ETH derivatives market. In addition, according to Velo data, the annualized premium of ETH one-month futures is 10.5%, the highest level so far this year, while BTC is 8.74% during the same period. Together, these indicators show that although ETH is down about 20% year-to-date, institutional investors are optimistic about its future performance. (CoinDesk)