Deribit options: puts dominate ETH and SOL, calls lead on XRP
- —Expiry open interest: ETH $253.3M, SOL $11.1M, XRP $2.66M
- —Max pain: Ethereum $2,450, Solana $107, XRP $1.32
- —Largest ETH positions are puts at $2,300, $2,200 and $2,400
- —24-hour volume: ETH 110,109 contracts, SOL 6,603, XRP 1,246
Why it matters: Downside hedging in ETH and SOL signals caution, while XRP's call skew shows part of the market is positioning for a rebound.
Source: TokenPost