
Deribit: ETH options skew to puts, SOL and XRP lean to calls
- —Expiry open interest: ETH 331,236 contracts worth $745.4M
- —SOL 38,944 contracts worth $38.4M; XRP 16,865 worth $21.2M
- —24-hour volume put/call: ETH 2.05, SOL 0.86, XRP 0.46
- —Largest ETH OI is the $2,600 call; XRP clusters at $1.325 put and call
Why it matters: Heavy ETH put activity signals defensive hedging, while XRP call skew shows traders positioning for a rebound.
Source: TokenPost