Data indicates a bearish trend in the Bitcoin and Ethereum options market

According to news from Hash World Chain and data from Derive, due to the Federal Reserve's decision to maintain interest rates in July, market sentiment has become cautious. Traders have set up a bearish configuration for Bitcoin and Ethereum options expiring in August, with demand concentrated on put options. Sean Dawson, the research director at Derive, stated that the open interest in Ethereum put options expiring on August 29 has surpassed that of call options by more than 10%, mainly focused on strike prices of $3200, $3000, and $2200. The bearish sentiment for Bitcoin is even more pronounced, with the open interest in put options expiring on August 29 being nearly five times that of call options, concentrated around strike prices of $95000, $80000, and $100000, indicating that traders generally bet that Bitcoin will fall below $100,000. Derive estimates that the probability of Ethereum falling below $3000 by the end of August is 25%, while the probability of Bitcoin dropping back below $100,000 is 18%.