Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into Friday’s $340 million options expiry.
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Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into Friday’s $340 million options expiry.
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Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip.
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Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.
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Traders who believe ETH will reach $5,000 can use this low-risk options strategy to cast a long bullish bet.
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$357 million in ETH options expire on August 6 and bears don’t stand a chance given that every neutral-to-bearish put is underwater.
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ETH might have rallied 35% off its $1,750 low but derivatives data shows pro traders are not so bullish.
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The BTC and ETH options market is still in its infancy, but both retail and institutional demand for cryptocurrencies is already here.
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Ethereum derivatives data highlights the lack of short-term strength as ETH price lags Bitcoin’s recovery to the $40,000 range.
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Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening.
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