The Ether options market is leaning bullish, with a majority of traders focusing on medium-term growth. According to Nansen, over 70% of the options open interest consists of call contracts, reflecting a positive sentiment about ETH’s future performance.

Despite an optimistic outlook, caution remains among large investors due to possible volatility under 2,600 USD. If the price drops below this threshold, it may trigger over 500 million USD in liquidations, presenting a significant risk for traders.

Large investors are hedging against downside risks, incorporating put options into their strategies to protect their investments. Overall, while the sentiment is bullish, the market’s behavior underlines the need for caution in navigating Ether’s unpredictable price movements.