Greeks.live Researcher: Ethereum Drives Altcoin Surge, Significantly Boosting Market Sentiment, Option Market FOMO Evident
BlockBeats News, July 18th, Greek.live researcher Adam posted on social media, stating that under the current market conditions, ETH has taken the baton of the bull market, surging past $3650, while Bitcoin has held steady around its historical high of $120,000, with market sentiment shifting significantly towards optimism. ETH has led the entire altcoin market to rebound, and the monotonous upward trend without a pullback has greatly encouraged market participants.
This week saw nearly $6 billion in options expirations, accounting for over 10% of the current total open interest. Looking at the key options data, in terms of implied volatility, BTC's IV has slightly rebounded, with the IV of major expirations all maintaining around 40%, while ETH's IV has surged significantly, reaching 70% in major expirations. However, both the upside and downside potential for ETH are considerable, so sellers have not yet found an entry point. There have been many large bullish trades in the past two weeks, with over 30% of the volume on most days being large bullish bets on Bitcoin. The options market is starting to show some FOMO sentiment, and institutional investors are also beginning to feel uneasy.
You may also like

Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…

Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…

Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…

Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…

XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…

Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…

South Korea Broadens Crypto Market Investigation Following Bithumb’s $44 Billion Bitcoin Error
Key Takeaways South Korea intensifies scrutiny on cryptocurrency exchange operations after Bithumb’s significant Bitcoin transaction error. Regulatory bodies,…

Tom Lee-Supported Bitmine Dominates 3.6% of Ethereum Supply Post-Price Crash
Key Takeaways Bitmine Immersion Technologies now controls 3.6% of Ethereum’s total supply after strategic purchases during market downturns.…

XRP Yearly Returns Hit Record Low Since 2023
Key Takeaways XRP’s yearly returns are at their lowest since 2023, as the crypto market grapples with a…

BTC Traders Eye $50K as Potential Bottom: Key Metrics to Monitor This Week
Key Takeaways Traders are closely monitoring the potential bottom for Bitcoin at $50,000 as recent price movements suggest…

Fraudulent ‘XRP’ Issued Token Sparks Confusion on the XRP Ledger
Key Takeaways An imposter XRP token is causing bewilderment within the XRP community by being superficially identical to…

XRP Yearly Returns Reach Their Lowest Point Since 2023
Key Takeaways XRP’s weakest annual performance since 2023 highlights the ongoing struggles within the cryptocurrency market. Market dynamics…

Cardano ‘Midnight Fixes Everything’: Charles Hoskinson
Key Takeaways Cardano’s Midnight sidechain, launched in December 2025, is championed by Charles Hoskinson as a solution to…

SHIB Army Burns 3,564,772 SHIB, While Half Quadrillion Coins Remain in Circulation
Key Takeaways The Shiba Inu community has collectively burned nearly 3.5 million SHIB tokens recently, yet a substantial…

XRP Ledger Network Activity Decreases by 80% as Institutional Participation Wanes
Key Takeaways: Recent metrics indicate an 80% decline in XRP Ledger network activity, correlating with diminished institutional involvement.…

Michael Saylor Insists “We Will Not Be Selling” As Strategy (MSTR) Stock Breaks Out
Key Takeaways Strategy, formerly MicroStrategy, remains highly sensitive to Bitcoin’s volatile market, with its stock performance closely mirroring…

Brad Garlinghouse Adds Personal Touch to XRP Community Day with Exclusive Merch
Key Takeaways Brad Garlinghouse, CEO of Ripple, has personally signed exclusive merchandise for XRP Community Day, adding excitement…

PIPPIN Price Surge Signals Potential Breakout Despite Investor Selling
Key Takeaways PIPPIN has experienced a significant rally, with its price increasing by 159%, nearing its all-time high.…
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…
Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…
Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…