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The percentage of options/futures contracts is the percentage of open interest in options contracts related to future contracts. A higher focus indicates more options trading than future contract trading.
Bitcoin The open interest rate of options/futures (OI) has exceeded EthereumAsking questions about the main drivers. Data from Coinglass shows that the Bitcoin ratio climbs from 57.80 % to 69.60 % since the beginning of March, while the ETHEREUM rate increased more modest than 26.9 % to 32.98 %.
This gap, with almost the Bitcoin ratio, indicates an ETHEREUM double every day, a stronger preference for options over future contracts between Bitcoin merchants. To understand the reason, we can check OI options and pay prices for both assets during this period along with the wider market trends.
First, the volume of options activity provides context. Bitcoin options grow from $ 28.09 billion on March 2 to $ 34.82 billion on March 6, an increase of 24 %.
Ethereum OI options, while 27 % increase from $ 5.10 billion to 6.47 billion dollars, are still 5-6 times smaller in terms of absolute. This contrast reflects the cover of the largest market for bitcoin, which extends historically 3-5 times from Ethereum’s, and attract more trading volume and liquidity. The largest liquidity is equivalent to both institutional traders and retail traders to bitcoin options, and is often used to hedge or benefit from price movements in a more firm market. The authorized participants from Bitcoin ETF use both futures and options to generate revenue while reducing risks in facilitating bitcoin baskets to fulfill ETF wounds.
Performing price in March highlights the difference. Bitcoin increases from $ 84,413 on March 1 to $ 90,624 on March 6, by 7.4 %, despite peak peak at $ 94,238 on March 3, and declined to $ 86.212 on March 4. 2 to 2,145 dollars on March 3. The strongest Bitcoin gains and increased fluctuation with their options/OI follow -up, as traders are likely to use options to take advantage of these fluctuations or hedge.
The most modest ETHEREUM price movement and the absolute low price of the visible need to options based on options, which makes their percentage less despite the growth of fixed options OI.
The market size and liquidity plays an important role in the highest Bitcoin ratio. With a larger market, Bitcoin naturally sees more absolute trading activity, supporting the strong options market. High liquidity makes Bitcoin a favorite option for traders looking to manage risk, mainly through options that provide flexibility over future contracts. With a smaller market, ETHEREUM sees more depending on future trendy speculation contracts, which reflects its less developed ecosystem.
The hedging request also contributes to the gap. With fluctuations such as 11.7 % and a decrease of 8.5 %, bitcoin fluctuations push merchants to prefer risk management options, especially given the dominant role of bitcoin in the encryption space. This is evident in options for growth tracking prices after March 4. Ethereum fluctuation, including a 14.9 % decrease, is noticeable but less effective due to the low price, which leads to a decrease in future options/emotions as merchants tend to future contracts.
Institutional participation expanding the gap. Bitcoin has witnessed a greater institutional adoption, especially since the approval of the Instant Bitcoin Investment Funds in 2024, which enhances its derivative market. Institutions often prefer capital and flexibility efficiency options, which enhance Bitcoin/OI’s options/options. Ethereum, taking advantage of Spot ETH ETFS trading since mid -2014, lag behind behind.
The weakest performance in Ethereum ETFS, with a year’s revenue to a date ranging from -1.78 % to -36.48 %, indicates indicates a decrease in investor confidence compared to Bitcoin’s investment fund Bitcoin, which contains $ 57.8 in boxes. $ 376.60 million.
This weak performance in Ethereum Etfs is likely to inhibit the institutional adoption, as institutions give priority to assets while verifying the health of the strongest market and liquidity. The minimum institutional interest in Ethereum ETFS reduces the growth of the options market, as institutions are major engines for options activity to hedge and speculation. Consequently, the ETHEREUM futures/futures ratio remains less, reflecting the less mature derivative market compared to bitcoin.
Finally, the maturity of the market gives Bitcoin a feature. Bitcoin has a longer history and a more sophisticated options market. Traders see Bitcoin’s options as a reliable tool for speculation or risk management, while the ETHEREM’s Options market, which still ripens, sees less activity for future contracts.
Data from March 2025 support this, with stronger Bitcoin performance performance, larger options market, and greater institutional support, which increases OI/futures. Despite the growth in OI options, ETHEREUM remains bound by its smaller market and the weakest institutional adoption, making its percentage less and highlighting the Bitcoin dominance in the coding derivative market.
Pamphlet Merchants prefer inappropriate options for Bitcoin futures compared to Ethereum First appear on Cryptoslate.
