#今日市场观点
ETH sentiment is more bearish than BTC
Ethereum (ETH) sentiment is more bearish than Bitcoin (BTC), despite Republican candidate Trump leading Democratic candidate Kamala Harris in prediction markets.
Data from Amberdata and Deribit show that Ethereum's short-term and long-term risk reversals are more negative than Bitcoin's, indicating that Ethereum traders are more inclined to hedge potential downside risks.
In contrast, traders expect Bitcoin's volatility to increase after the results of the US election are announced, while Ethereum's bullish sentiment may not appear until the end of December.
In addition, data on decentralized exchanges also show that the selling volume of Ethereum call options is much higher than the buying volume, indicating that traders have limited expectations for Ethereum's near-term rise.
Meanwhile, Trump's lead has fueled optimism for Bitcoin and decentralized finance (DeFi), especially due to his launch of the DeFi project WorldLiberty Financial in September.
However, some observers believe that a Trump victory may be more beneficial to Ethereum competitor Solana, while a Harris victory may be more beneficial to Ethereum.
