🐋 WHALE WATCH : A fairly significant divergence is emerging between the BTC and ETH derivatives markets. BTCs Options Futures Open Interest ratio is currently around 70% while ETH is only about 20%. In other words the scale of BTC options OI relative to futures is significantly larger than ETH. Notably in the past the ratio for both BTC and ETH once exceeded 100% but both subsequently dropped sharply. Currently BTC has recovered substantially while ETH remains in a low range. This indicates that the derivatives market structures for these two assets are very different but the ratio itself does not determine whether prices will rise or fall. BTC Options are heating up again while ETH remains quiet. Will this gap continue to widen ?(Whale Factor)