Options positioning in major altcoins diverged on Thursday, with Solana (SOL) showing a clear tilt toward upside bets while Ethereum (ETH) and XRP (XRP) reflected heavier near-term demand for downside protection—an important signal as traders gauge whether the broader market is entering a consolidation phase or setting up for a rebound. Data from Deribit, the largest crypto options exchange, showed that as of 2:05 a.m.
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