Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry.
Using multi-leg options can give traders a less risky way to invest in Ethereum price as it pushes above $2,000.
Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise.
December’s $10,000 Ethereum calls options have started to pick up volume, but are traders really expecting ETH to reach this level?
The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage.
Delta Exchange, a crypto derivatives platform, says many options traders didn’t expect Ethereum’s price to rise so quickly. Now, they’re sitting on huge unrealized losses.
Bitcoin price may have flipped $35,000 back to support but data shows this week’s 15% move may have prompted top traders to open short positions.
Data shows 99.5% of the neutral-to-bearish Ether put options will become worthless above $1,360, leaving bulls with a significant advantage for the foreseeable future.
Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation.
Traders say ETH price could pull back temporarily after climbing to a new all-time high above $1,470, despite the momentum of Ethereum.