According to @glassnode, Ethereum options flow shows call premium paid of approximately $82M on Aug 8 and $31.5M on Aug 11, consistently outpacing puts (source: @glassnode). According to @glassnode, traders are paying up for upside convexity as ETH presses higher, confirming a tilt toward calls in mid-August 2025 (source: @glassnode).

According to @GreeksLive, Ethereum (ETH) broke above $4,400 while both implied volatility and options skew rose markedly versus last week, indicating the market is pricing greater upside risk (source: @GreeksLive on X, Aug 12, 2025). @GreeksLive also reported $330 million in block call options traded with the share stated at 24%, underscoring concentrated bullish positioning in large-sized trades (source: @GreeksLive on X, Aug 12, 2025). Given the elevated IV reported by @GreeksLive, option premiums are richer than last week, so spread-based bullish structures can reduce vega and premium outlay compared with outright calls under these conditions (source: @GreeksLive on X, Aug 12, 2025).

According to @GreeksLive, the cryptocurrency market is exhibiting cautious optimism, characterized by significant capital inflows into Memecoins and Altcoins. Traders are speculating that Ethereum (ETH) could reach the $4,000 price level. A key trading indicator supporting this bullish outlook is the 'extremely green skew' observed in the options market, which signifies that call options are much more expensive than puts, indicating strong demand for upside exposure and a highly bullish sentiment among traders.

According to Greeks.live, the differences in options Skew across terms have amplified recently. During the bull market at the end of the year, the Skew differences were minimal, fluctuating around 5% and typically not exceeding 1%. However, in the recent market correction, short-term Skew has dropped more significantly, indicating a notable decrease in market enthusiasm and a weakening of optimism among options market participants for January. Traders should monitor these changes closely as they suggest shifting market sentiments.

According to Greeks.live, the differences in options Skew across various terms have significantly amplified. Previously, during the bull market at the end of the year, these Skew differences were minimal, fluctuating around 5% with discrepancies not exceeding 1%. However, as the market enters a correction phase, these differences have widened, particularly with a notable drop in short-term Skew. This data suggests a decline in market excitement and a weakening of optimism among options market participants for January.