betting

Bullish Traders Bet on Ether's Rise Above $4,000

The Big Whale

— 1 min read
  • Buying activity : Large purchases of ether $4,000 calls expiring in September on Deribit.
  • Market sentiment: Traders betting on ETH surpassing $4,000 for new all-time highs.
  • Regulatory clarity: SEC dropping investigation into Ethereum 2.0 and approving spot ether ETFs.
  • Volatility expectations: Elevated volatility in the ether market driving bullish flow.
  • Market correction: Bitcoin and altcoins experiencing significant declines, leading to liquidations.
  • Investor uncertainty: Divided opinions on Bitcoin's future direction amid on-chain signals and price correction.

Summary :
Traders have been buying large numbers of ether September expiry call options at the strike level of $4,000 on crypto exchange Deribit. This indicates that they are betting on a bullish outcome for ether, expecting it to rise above $4,000 before the option expires. The buying activity is consistent with elevated volatility expectations in the ether market. Despite the recent drop in ether's price, some traders remain optimistic and are betting on a potential breakout to new all-time highs.

Sources :

- Coindesk
- Decrypt
- CoinTelegraph
- TheBlock
- Coindesk
- Decrypt
- CoinTelegraph
- TheBlock

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