Key Bitcoin and Ethereum options metrics show traders are wildly bullish

In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data.

BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data

Ether is entering a parabolic rally as its Eth2 network launch progresses, and this optimism is reflected in the options markets. Despite the lack of similar price action from BTC, Bitcoin…

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