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BEARISH STABLE ETH

Ethereum traders are unusually divided between bullish and bearish positioning, with put options continuing to outweigh calls for a consecutive month, indicating sustained demand for downside protection

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FIRST SEENJul 18, 2026
LAST SEENJul 18, 2026
→ TRAJECTORY Quiet

Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.

COVERAGE OVER TIME
0.0%7.5%15.0% Jul 18Jul 23Jul 28Aug 2Aug 7Aug 12Aug 17Aug 22Aug 27
COVERAGE MIX
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RELATED THEMES

Themes moving alongside this one — where the same story is bleeding across assets, and where it's contested.

⇄ CROSS-ASSET Options traders are reducing downside protection, indicating decreased near-term bearish positioning NEUTRAL BTC ≈ RELATED Ethereum traders are hedging against a sharper decline with elevated put options. BEARISH ETH ⇄ CROSS-ASSET Options market positioning shows strong bullish conviction for SpaceX with minimal bearish downside protection BULLISH NDX ≈ RELATED ETH Options Expiry Bearish Positioning BEARISH ETH ⇄ CROSS-ASSET The unusual put option trade is highly speculative and unlikely to profit in the near term given longer-term bullish catalysts are beyond the 12-day expiration window BEARISH NVDA ⇄ CROSS-ASSET BTC Options Skew Bearish Hedging BEARISH BTC
SOURCE EVIDENCE

"Ethereum's put-call ratio continued to show strong demand for downside positions. 'The proportion of put options has exceeded 1 for a consecutive month and continues to rise,' Greeks.live said, describing the current positioning as unusually divided between bullish and bearish traders."

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