Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like $400 Options

Bitcoin’s price fell while ether options traders have favored call options in the past month.

Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.

A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.

Bitcoin hit another all-time high today while ether traders are paying royally to get in on the options action.

Bitcoin’s price is rebounding after an OKex-related dip. Meanwhile, ether options traders have a bearish "beacon chain" attitude.