QCP Capital: As the likelihood of Ethereum spot ETF approval in May decreases, investor interest in its put options increases

According to data, the Ethereum bias for one month has turned negative, indicating relatively strong put options. It is reported that put options are options used to hedge against bearish price trends. Previously, Ethereum's 60-day indicator also leaned towards put options, while the 90-day and 180-day indicators remained positive. QCP Capital explained in its latest market insight article that investors' interest in recent Ethereum put options may be due to the decreasing likelihood of the US SEC approving Ethereum spot ETF in May. (CoinDesk)