XRP and Solana Show Bullish Sentiment While Bitcoin and Ether Struggle
- XRP is currently priced at $2.34, while Solana’s SOL is at $184.58.
- The sentiment gauge, known as the 25-delta risk reversal, indicates bullish momentum for XRP and SOL across all expiries on Deribit.
- In contrast, Bitcoin (BTC) is priced at $106,659.51 with puts trading at a premium to calls, indicating bearish sentiment.
- Ethereum (ETH) shows similar bearishness out to December expiry options.
- The recent market crash liquidated leveraged futures bets worth $20 billion.
XRP and SOL’s positive risk reversals suggest a shift in trader sentiment towards bullish expectations, contrasting sharply with the bearish outlook for Bitcoin and Ethereum options markets.
As XRP recovers from a low of $1.77 following the October crash, its current price reflects renewed optimism among traders compared to Bitcoin’s ongoing concerns about downside risks.(Source)
