Ethereum traders are increasingly hedging against potential price declines through bearish options activity, creating a stark contrast with massive institutional inflows into spot Ethereum ETFs. This divergence highlights growing market uncertainty despite strong fundamental support. The cryptocurrency’s recent price retreat from all-time highs has triggered both defensive positioning and profit-taking behavior.
- Ethereum put options open interest has surged since late August, making bearish bets more expensive than bullish ones
- Spot Ethereum ETFs attracted $4.95 billion in inflows during August and early September, dramatically outperforming Bitcoin ETFs
- Ethereum staking netflow turned negative with only 183 ETH remaining after 348,236 ETH was unstaked following the price peak
📎 Related coverage from: decrypt.co
