Bitcoin Options Remain Bullish Over Ether Following Trump’s Inaugural Speech, Despite No Mention of Crypto
Bitcoin (BTC) options continue to show a bullish preference over Ether (ETH), despite President Donald Trump’s inaugural speech overlooking any mention of a strategic bitcoin reserve, which had been eagerly anticipated by the crypto community.
According to data from Deribit, BTC call options remain more expensive than ETH calls, signaling that the market favors Bitcoin over Ether. By noon Hong Kong Time, BTC options were trading at a four to five-point volatility premium compared to puts, based on risk reversals tracked by Amberdata. In contrast, ETH options traded with a significantly lower premium, indicating a more cautious outlook for Ether relative to Bitcoin.
This trend has contributed to a continued decline in the Ether-Bitcoin ratio, which recently hit a three-year low of 0.03. The absence of any reference to a strategic bitcoin reserve in Trump’s speech, despite prior speculation, reinforced the market’s preference for Bitcoin over other assets like Ether.
Additionally, a report revealing that the GOP’s congressional priorities did not include cryptocurrency or Bitcoin added to market unease, suggesting a lack of immediate crypto-friendly policy action from the new administration.
On Polymarket, a decentralized betting platform, traders have reduced the odds of Trump announcing a strategic bitcoin reserve in his first 100 days to just 38%, down from 50% earlier, reflecting a more cautious stance in the market following the inauguration. This shift highlights the crypto industry’s growing uncertainty regarding Trump’s approach to digital assets.
