key takeaways:
Ether (ET) The price rose 10% between Mondays and Tuesdays, reaching its highest level in 15 weeks. Despite this rally, Eth has continuously struggled to be above the $ 2,800 mark in the previous month. This resistance level is accompanied by increasing use of negative security strategies at Eth Derivative market,
In addition to standard calls (buy) and put (cell) options, traders often use a combination of equipment to design strategies aimed at maximizing the profit above some levels or reducing the contact of losses. As a result, tracking demand for these options gives information about how professional traders are positioning themselves.
Traders buy ETH negative risk safety
Open interest in ETH options in early April and 9 June increased from $ 6.3 billion to $ 8.3 billion, indicating strong institutional participation. Deribit remains a major exchange keeping 72% market share. Therefore, it is necessary to analyze the flow imbalance between recession and neutral-to-bullish trades.
One of the most notable strategies trading on the deribit in the last two weeks is a hort exposure upset. “This setup profit moves beyond the recession price when collecting a pure premium upfront.
Another popular strategy is bear bear diagonal proliferation, which expresses a sense of short-term recession in a cost-skilled manner. This involves selling a close-term call option and buying a long call on high strike, aims to take advantage of time decay and rising. Inherent instability,
Ether bulls are optimistic about the end of the upcoming 27 June monthly options, especially 63% of the total open interest since the call (buy) option. Currently, 92% ether put (cell) options are set to $ 2,700 or less, levels that will be useless to eliminate trades above Eth.
Some of the market caution can be attributed to the 49% price increase of ether from May, while contestants such as Solan (Sol) and XRP received 8% and 2% respectively. Traders are concerned that the ETH’s competitive growth may end if the US Securities and Exchange Commission approved the Exchange-Trade Fund (ETF) For rival altcoins,
Bitcoin continues to drink milkshake of Altcoin
Concerns about Ether’s institutional appeal also surfaced even after Trump Media and Technology Group, the majority firm of former US President Donald Trump announced the release of $ 2.5 billion loans and equity. Create bitcoin treasury,
Connected: Ethereum Network Growth, Spot ETF Inflow and Price Benefits entice new investors
Adding the shift to the story, Bo Hines, Executive Director of Advisors of the White House President, on digital assets, Stated On June 9, the details about the US strategic bitcoin reserve “will be shared in the short order”, emphasizing that “the community will be very happy.”
Despite the increasing demand for negative security in ETH options, it is not necessary that traders are betting on a price drop. With the levels of targeting levels below $ 2,700 with most June 27, the upper hand appears in the neutral-se-bullish strategies, offering an auxiliary background for the price of ETH.
This article is for general information purposes and is not intention and should not be taken as legal or investment advice. The ideas, ideas and opinions expressed here are alone of the author and not necessarily reflected or represented the ideas and ideas of the components.
