Ether Options Out of Sync With Bullish Sentiment on Street
The way ether options are priced suggests investor preference for bets that prices will fall, contradicting the bullish outlook presented by some analysts.
The way ether options are priced suggests investor preference for bets that prices will fall, contradicting the bullish outlook presented by some analysts.
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices
Bitcoin traded at a fat premium on Bitfinex compared to the küresel average price over the weekend, hinting at bargain hunting by whales.
Savvy traders are looking for signs of capitulation in the spot and perpetual futures market, and renewed demand for calls when calling market bottom and trend reversal higher.
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Some traders bought bitcoin calls at strikes $45,000 and $46,000 during Thursday’s U.S. trading hours, according to over-the-counter institutional cryptocurrency trading network Paradigm.
Stork is an oracle purpose-built for the rigors of ultra-low-latency trading.
ETFs could open up a line of trading avenues centred around arbitrage, options and financing, Hayes said.
The latest price moves in crypto markets in context for Jan. 15, 2024.
The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.