Ethereum futures and options data reflect investors’ growing confidence in ETH price
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
Auto Added by WPeMatico
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market.
Reduced inflationary pressure fueled crypto investors' appetite for risk markets, eliminating the possibility of bears profiting from the Jan. 20, $580 million Bitcoin options expiry.
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum.
Bitcoin bulls aim to push BTC price to $18,000 and options data outlines clear reasons why.
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside.
Ethereum's price is up today with most options traders anticipating a run toward $3,500-$4,000 before April 2023.
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023.
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers' demand, and fearful BTC option traders.
Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates.