Key Points:

• Bitcoin’s options market is seeing increased optimism after the recent Federal Reserve meeting, suggesting a shift in investor sentiment towards bullish trades.
• The Fed’s guidance continues to indicate two rate cuts, with Powell emphasizing that the inflationary effects of tariffs from the previous administration are temporary.
• Despite the positive outlook for Bitcoin, the sentiment around Ether options is still cautious, remaining stable ahead of the anticipated Ethereum Pectra upgrade.

Bitcoin traders are currently favoring topside options bets as expectations of price gains increase after the Federal Reserve’s meeting.
As for Ether, despite the upcoming upgrades, options market shows a reluctance to shift away from defensive postures. Its risk reversals lean heavier towards puts, reflecting a more cautious approach among investors.
This is noted against a backdrop of the recent legal resolution involving SEC and Ripple, likely adding to the overall positive atmosphere in the crypto markets.