Ethereum Outperformed Bitcoin This Week As Key Indicators Shift: Report
Ethereum Outperformed Bitcoin This Week As Key Indicators Shift: Report
Short-dated ETH futures contracts are trading at a steep premium, with one-week contracts showing nearly 25% annualized yields over spot prices. Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) in several key metrics over the past week, signaling a potential shift in market dynamics, according to a Bybit and Block Scholes report.
根據Bybit和Block Scholes的報告，過去一週， 以太幣（加密貨幣：ETH）在多個關鍵指標上表現超過比特幣（加密貨幣：BTC），這可能預示着市場動態的潛在變化。
What Happened: This trend comes amid the announcement of SEC Chair Gary Gensler's planned departure in January 2025, which has boosted sentiment around Ethereum and other altcoins.
此趨勢出現在證監會主席加里·根斯勒宣佈計劃在2025年1月離職之際，這一消息提振了對以太幣和其他替代幣的情緒。
The report highlights Ethereum's strength in futures and perpetual markets. Bitcoin futures open interest has declined, while Ethereum futures have seen growth.
報告突出了以太幣在期貨和永續市場中的實力。比特幣期貨持倉減少，而以太幣期貨有所增長。
Short-dated ETH futures contracts are trading at a steep premium, with one-week contracts showing nearly 25% annualized yields over spot prices.
短期以太幣期貨合約交易溢價嚴重，一週期合約的年化收益率幾乎達到商品現貨價格的25%。
This development reflects growing trader optimism toward Ethereum.
這一發展反映了交易員對以太幣的樂觀情緒不斷增長。
"ETH has sustained its outperformance over the week," the report states, emphasizing the stark contrast in sentiment and positioning between the two largest cryptocurrencies.
報告指出，「以太幣在過去一週持續表現優異」，強調了兩大加密貨幣之間情緒和持倉位置中的鮮明對比。
Ethereum perpetual contracts also saw rising open interest, while Bitcoin perpetuals recorded declines.
以太幣永續合約開倉量也在上升，而比特幣永續合約則出現下滑。
These trends suggest traders are increasingly shifting their focus toward Ethereum.
這些趨勢表明，交易員越來越將注意力轉向以太幣。
Options market activity further supports this narrative, with Ethereum's options term structure showing inversion, indicating higher demand for short-term bullish bets.
期權市場活動進一步支持這一說法，以太幣的期權期限結構呈現倒掛，表明對短期看好投注的需求較高。
Also Read: Coinbase's Armstrong: Warren Was Involved In 'One Of The Most Unethical, Un-American Things In The Biden Administration'
此外閱讀：Coinbase的Armstrong：禾倫參與了拜登政府中「最不道德、最不美國」 的事情之一。
By contrast, Bitcoin's term structure has flattened, suggesting cooling speculative interest.
相比之下，比特幣的期限結構已經變平，表明了對冷卻的投機興趣。
The report connects these developments to broader market conditions, including regulatory tailwinds.
報告將這些發展與更廣泛的市場條件聯繫起來，包括監管尾隨形勢。
Gensler, known for his stringent stance on crypto regulation, is set to step down as SEC Chair early next year. Many assets, particularly altcoins like Ethereum, faced scrutiny during his tenure.
以嚴格的加密貨幣監管立場而聞名的蓋斯勒將於明年初卸任SEC主席。在他任職期間，許多資產，特別是以太幣等替代幣，都受到了審查。
The announcement of his departure is seen as a positive signal for the crypto market, boosting confidence in Ethereum's longer-term prospects.
他即將離任的消息被視爲加密市場的積極信號，提振了人們對以太幣長期前景的信心。
"Ethereum's outperformance this week reflects not just favorable market conditions but also a broader shift in sentiment as regulatory pressures ease," an analyst from the report commented.
報告中一位分析師評論稱：「以太幣本週的表現不僅反映了有利的市場條件，同時也體現了情緒更廣泛的轉變，因爲監管壓力減輕了。」
The report further notes Ethereum's growing potential to attract institutional inflows, a trend observed with Bitcoin during its ETF-related surges.
報告進一步指出，以太幣吸引機構資金的潛力正在增長，類似比特幣在ETF相關漲勢中觀察到的趨勢。
However, it cautions against extrapolating short-term trends too far, as both Ethereum and Bitcoin remain sensitive to macroeconomic factors and market volatility.
然而，它警告不要太過推斷短期趨勢，因爲以太幣和比特幣仍然對宏觀經濟因素和市場波動敏感。
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Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。
