Options data from Deribit reveals significant differences in major cryptocurrency sentiments with a bullish position in XRP And Solana (Sol contrasts with the fear of Bitcoin (BTC)’s prolonged shortcomings and ether (eth).
At the time of writing, the XRP call options or bullish bets were more expensive than it would have led to all tenors. Notably, according to data source amberdata, December expiration calls are traded at a premium of six volatility points, indicating a bias for the end of the year meeting. XRP, a cryptocurrency focused on payments, is the third largest market value.
Sol Options also showed bullishness, with the December call trading at a 10 vol points premium on Puts.
Call Options grant, but is not an obligation, the buyer the right to purchase the underlying asset at a given price prior to the specified future date. This represents a bullish bet on the market, but put options are guaranteed against price slides.
XRP’s positive tone could be driven by new enthusiasm for potential recognition of spot exchange trade funds (ETF) In the US, at least 6-7 major issuers, including Bitwise, 21 shares, Wisdom Tree, Coinshare, Canary Capitan, and Franklin Templeton, are pending aggressive applications or amendments before the US Securities and Exchange Commission (seconds).
The SEC is delaying decisions regarding these submissions and is promoting important approvals such as the WisdomTree XRP ETF in late October 2025. As these submissions are within a similar review period, the market appears to be preparing for synchronous approval or rejection events that could have a significant impact on XRP prices.
The XRP community is very optimistic and will aim to increase prices considerably by the end of the year if the ETF is approved.
“One month flow-based case: $500 million+. Independent market desk pegs One month spot XRP ETF inflows will flow in at over $500 million before recursive tracking. According to Coindesk data, cryptocurrencies are currently trading at around $2.88.
Optimism from SOL is likely due to the artent approval of the Alpenglow upgrade of the parental blockchain Solana, which could increase network speed. Bitget’s chief analyst Ryan Lee called it “a critical moment in the network’s trajectory.”
“Solana’s approval of Alpenglow upgrades shows that over 98% of Staker support is a critical moment in the network’s trajectory. Reducing the finality of a transaction from 12.8 seconds to just 100-150 milliseconds will transform Solana into one of the fastest blockchains in operation, unlocking the possibilities well beyond the increased marginal efficiency. Lee said in an email.
Lee said Speed Boost will accelerate Solana adoption in real-time trading, high-frequency strategies and seamless on-chain arbitrage. He explained that Alpenglow’s design coincides with blockchain payment speeds and traditional financial systems, and overcomes the major hurdles of institutions reluctant to adopt decentralized infrastructure. This alignment makes Solana an attractive and scalable blockchain option.
BTC and ETH’s bearish feelings
Feelings about Bitcoin appear to be crucially weakened as even the March 2026 expiration transaction is priced higher than the call.
BTC rally has stagnated above $100,000, and prices struggled with Rally after repeated reports of the rally after a disappointing US employment report on Friday, raising expectations for a Fed rate cut. Analysts denounced the slowing down ETF inflows, earning profits by long-term holders, and rotating the whale into ether for BTC’s Dour price action.
That said, the ether-linked option also showed bias to come out at the December expiration date. ETH has pulled sharply back to $4,300 from a record high of nearly $5,000 reached last month.
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