Options data from Deribit indicates a significant divergence in sentiment among major cryptocurrencies, with bullish positioning in XRP and Solana (SOL) contrasting starkly with a bearish outlook for Bitcoin (BTC) and Ether (ETH). XRP call options are trading at a premium, suggesting optimism fueled by potential U.S. ETF approvals. Meanwhile, Solana's recent Alpenglow upgrade, expected to enhance network speed, contributes to its positive sentiment. Conversely, BTC has exhibited bearish tendencies with higher demand for put options, linked to stagnant price movement above $100,000 and profit-taking among long-term holders. Ether's options data also reflects bearish sentiment as prices have decreased sharply since reaching recent highs. Analysts cite ETF inflows, Fed rate expectations, and whale rotations as contributing factors to these trends.

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