Analyst: Ethereum options open interest is mainly call options
Analysts say that the open positions of Ethereum options are mainly bullish options, reflecting traders' expectations for ETF trading. The implied volatility of Ethereum bullish options has been higher than that of Bitcoin recently, indicating that derivatives market participants expect Ethereum prices to rise. QCP Capital analysts added: "The front-end trading volume of Ethereum may still be 15-20 times higher than that of Bitcoin, and the skewness of Ethereum may still favor bullish options. But the potential breakthrough of Ethereum prices still needs to wait until the S-1 approval is clearer."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Celestia Foundation Raises $100M, Aims to Revolutionize Blockchain Scalability with New Roadmap
Bitwise CIO says ‘the most powerful people in finance’ are allocating to crypto
An increasing number of top financial advisors are allocating toward crypto assets in their personal portfolios, according to Bitwise CIO Matt Hougan.When allocations spread from advisors to their clients, “things could get interesting quickly,” Hougan said.
Hamster Kombat NFT Game Bans +2.3M Users For Cheating – Recovers 6.5 Tokens From These Users
Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.