Ethereum takes the lead over Bitcoin in derivatives trading volume Andjela Radmilac · 1 min ago · 3 min read
Options traders scale back in Bitcoin market while Ethereum sees rise in open interest following SEC spoof.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Amid a tumultuous week where a compromised SEC tweet set the crypto markets on a rollercoaster, the unforeseen market reactions culminated in a staggering loss for Bitcoin. As the dust begins to settle, our analysis reveals the undercurrents of trader behavior—some fled the scene, while others stood their ground, strategizing for the long haul. But, amidst this chaos, one cryptocurrency displayed an intriguing divergence.