Deribit options: call bias in Ethereum and XRP, puts dominate Solana
- —Open interest: ETH 136,775 contracts, SOL 7,834, XRP 5,104
- —Put/call open interest ratio: ETH 0.73, SOL 1.34, XRP 0.29
- —Max pain: ETH $2,600, SOL $116, XRP $1.5
- —Largest positions: ETH $2,850 call, SOL $114 put, XRP $1.85 call
Why it matters: The call skew in ETH and XRP points to expectations of a rebound, while heavy put positioning in SOL shows demand for downside protection.
Source: TokenPost