Ethereum traders are increasingly hedging against a potential sell-off, with put options showing significantly higher implied volatility. Meanwhile, Bitcoin has remained resilient, trading within the $80,000 to $84,000 range and gaining 1.5% over 30 days, while Ether has fallen about 8% over the same period. Thahbib Rahman, research analyst at Block Scholes, noted that short-dated put-call skew has widened for both crypto assets since early October, indicating increased demand for downside protection. This divergence comes amid weakening sentiment around artificial intelligence investments weighing on risk appetite. The VIX has climbed to its highest level since the Fed’s July FOMC meeting, with chipmakers falling nearly 20% over two weeks.
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