As of June 26, 2025, the crypto market shows a mixed sentiment among traders, reflective of options flow where clients are engaging in both bullish calls and protective puts.
Client Positioning and Sentiment: Calls vs. Puts
Overall options flow sentiment appears cautiously bullish. A significant volume of call options are being purchased on major altcoins like Ethereum, reflecting traders betting on price increases. Simultaneously, there were large put trades indicating that not everyone is fully committed to the rally. For instance, Ethereum has seen heavy call buying indicating bullish sentiment among traders.
Notable Altcoins in Focus: ETH, SOL, XRP
For Ethereum, options flow suggests bullish sentiment, with notable trades focused on large call purchases. Solana displays initial bullishness followed by cautious hedging, while XRP's flow is dominated by puts, indicating a bearish sentiment. This suggests traders are either anticipating further declines or looking to protect their positions.
Meme Coins and Speculative Bets: TRUMP100, KAS, MOG
Beyond the main market, there is notable activity around meme coins such as TRUMP100, KAS, and MOG. These assets show unique trading patterns and attract speculative interest due to high volatility. For TRUMP100, significant call options are present but also a strong indication of traders positioning for large price swings.
Amid various macroeconomic factors and mixed signals in the market, traders are remaining vigilant and selectively adjusting their positions. The sentiment in the options market reflects both optimism and caution, which is crucial to consider in future trades.
