Analyst: Traders are pursuing short-term put options for BTC, ETH, and SOL

Block Scholes analyst Andrew Melville, citing Deribit data, said that traders are chasing short-term bearish options for BTC, ETH and SOL due to Trump's crypto strategic reserve plan not meeting expectations. Options skew data shows that short-term BTC, ETH and SOL put options are trading at a premium relative to call options, indicating market concerns about downside risk. However, XRP options show a preference for call options in all time frames except one.