Ethereum’s (ETH) options market continued to show a bias toward bullish positioning, with call contracts still dominating open interest. However, traders have been increasingly active in near-dated downside protection—most notably through heavy flow into the $1,200 put—highlighting renewed sensitivity to short-term drawdown risk.
As of Tuesday 13:00 UTC, data compiled by Coinglass showed total Ethereum options ‘open interest’ (OI) at $6.08 billion, up about 0.5% from $6.05 billion a day earlier. Calls accounted for 59.90% of outstanding contracts, while puts made up 40.10%, indicating that… Read more






