Glassnode: ETH options data shows a strong bullish trend, with speculative interest continuing to rise

ChainCatcher message, Glassnode posted on platform X indicating that options trading activity shows a continued bullish trend for ETH. Data shows that the current put/call open interest ratio remains near a low of 0.43, while the put/call volume ratio has decreased to 0.63, indicating that traders are leaning towards call options. This trend suggests that market speculation interest in the upside risk exposure of ETH is increasing, which may further strengthen the bullish sentiment towards ETH.