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Greekslive: ETH implied volatility remains high, and the bullish sentiment is significantly higher than the bearish sentiment.
Wu learned that, according to Greekslive, BTC has been adjusting below $100,000 for several days, while ETH has aggressively broken through the key level of $3,500. This has shifted market attention gradually from BTC to ETH, and the rise of ETH has also led to a rebound in the overall altcoin market. From the options data, the short-term options IV for BTC this week has shown a significant decline after reaching a high, while ETH has been consistently above 80% and is showing a breakthrough trend. The IV difference between the two has exceeded 20%. At the same time, it is observed that the bullish sentiment for ETH is significantly higher than the bearish sentiment. Considering the above, the options market currently believes that ETH has a higher potential for a breakout and is worth buying for a bullish position.