Options traders are now anticipating more significant price movements for bitcoin compared to ether, reflecting a potential shift in short-term market sentiment that favors the former over the latter.

After the highly anticipated trading of Ethereum spot exchange-traded funds (ETFs) commenced on Tuesday, the expected market surge failed to materialize. In the past 24 hours, Ethereum has traded down 1.4%, now changing hands for $3,455 as of the time of writing, according to The Block's Price Page.

QCP Capital analysts have observed that bitcoin options now have higher implied volatility than ether options, meaning that more price movement is expected for BTC in the short term. "Ethereum volatility sold off across the term structures, and the premium of ether to bitcoin vols on the …