Ethereum Dominates Crypto Market with Record Highs and Trading Volume.

Ether options trading volume has surpassed Bitcoin for the first time in 2023, with nearly 60% of global crypto options activity and 50% more than Bitcoin's notional trading volume. The increased demand for Ether calls is evident from the short-term and long-term options skew, which have flipped positive, signaling a renewed bias for bullish call options. The latest pick-up in activity in the Ether options market comes on the heels of Ethereum's successful implementation of the highly-anticipated Shanghai upgrade on Wednesday, which has opened withdrawals of over 18 million Ether staked in the network since December 2020, de-risking staking.