Main takeout:
ETH prices soared 10% between Monday and Tuesday, reaching the highest level for 15 weeks. Despite this rally, ETH continued to struggle to exceed $ 2,800 over the last month. This resistance level matched the increase in disadvantages in the ETH derivative market.
In addition to standard currency (purchase) and PUT (sales) options, traders often use a strategy to design strategies to maximize certain levels or reduce loss exposure using device combinations. As a result, tracking the demand for these options provides insight into how professional traders will place themselves.
The trader buys the risk protection of the lower ETH
The public interest in ETH options increased from $ 6.3 billion to $ 8.3 billion between early and Monday, signing more strongly. Deribit remains a dominant exchange with a 72%market share. Therefore, it is essential to analyze the flow imbalance between weakness and neutral transactions.
One of the most notable strategies traded on Deribit over the last two weeks was the “short danger reversal.” This setting moves by collecting net premiums in prepaid, with profits from the price of Bear Rishi. This includes purchasing a foot, selling calls, and hedge for loss under the strike.
Another popular strategy is a bear diagonal spread, which expresses short -term weakness in a cost -effective way. This includes selling short -term currency options and increasing time corruption and implicit volatility, and purchasing long -term phones from higher strikes.
Ether Bulls is optimistic about the expiration of monthly options on June 27, and the Call options are 63%of the total interest. Currently, 92%of the Ether PUT (SELL) options are set to less than $ 2,700, which is useless if it exceeds the mark when it expires.
Some of the market stocks have been due to the price increase of 49%since May, while competitors such as Solana (SOL) and XRP have gained 8%and 2%, respectively. Traders are worried that the US Securities and Exchange Commission approves ETF (Exchange-Traded Funds) for competitors Altcoin.
Bitcoin continues to drink Altcoin’s milk shakes.
Trump Media and Technology Group, a US president of Donald Trump, issued $ 2.5 billion in debt and equity issuance to build the Bitcoin Treasury, and there was concern about the institutional appeal of ether.
relevant: Ether Leeum Network Growth, Spot ETF ETF Inflow and Price profit seduces new investors.
Bow Hines, director of the White House’s Digital Asset Advisory Council, emphasized that the details of the US strategic Bitcoin protection area will be “shared” and “the community will be very pleased”.
Despite the increase in demand for the disadvantages of the ETH options, this does not mean that merchants are betting on price drops. Most of the foot option options on June 27 are the options to target less than $ 2,700, and neutral strategies appear to have an advantage and provide support for ETH’s price.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.