Ether’s Bull Momentum Is Strongest Since May 2021
Ether’s price jumped 18% in six days on mounting speculation the U.S. SEC will approve a spot ETH exchange-traded fund (ETF). Some traders expect it to hit $5,000 by the end of June.
Ether’s price jumped 18% in six days on mounting speculation the U.S. SEC will approve a spot ETH exchange-traded fund (ETF). Some traders expect it to hit $5,000 by the end of June.
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
The higher implied volatility for short-dated puts suggests investors are willing to hisse a premium for downside protection, CF Benchmarks said.
A taker order is placed by a trader who looks to execute the trade immediately at the going market price.
The way bitcoin options are priced suggests Wednesday’s CPI report, though pivotal, may do little to disturb the calm in the crypto market.
One trader said recent declines are likely related to miners’ asset sell-offs and fears of tighter regulation of cryptocurrencies.
A DOGE price pattern that presaged the early 2021 surge looks set to recur.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Bitcoin’s implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk aversion.
IntoTheBlock veri shows that the largest bitcoin investors added nearly 20,000 BTC to their holdings as the top crypto briefly buckled below $60,000 on fears of military escalation between Iran and Israel.