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10 Oct 2023

Traders keep preferring BTC over ETH

Persistently higher premiums on BTC futures than ETH, and slight signs of optimism in the derivatives market.
AotC Horizontal Thumbnail Oct 10
Preview
In this week's Ahead of the Curve
  • Traders expect continued ETH underperformance
  • BTC spot ETFs – a confirmation of January 10 as the crucial date is likely this week
  • Derivatives market participants are growing more optimistic
  • More optimistic but still not bullish derivatives market sentiment
  • Heightened CME activity last week – but no lasting directional momentum
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