Ether's options market turned bullish for the first time since early January as the cryptocurrency hits a one-month high. godbole17 reports
data. The cryptocurrency has gained 35% in seven days, outperforming bitcoin's 11% rise by a wide margin." or Ethereum 2.0, promises to make ether a deflationary currency and Ethereum an environmentally friendly smart contract blockchain.
"At this point, some traders are buying large amounts of call options and buying the underlying [asset] in the spot market," Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. "To hedge their risk, options market makers [who sold calls to investors] need to buy spot or go long futures, which will push prices up further quickly when liquidity is insufficient," Ardern added.
Options market makers are entities entrusted with ensuring healthy liquidity levels on exchanges. Market makers are usually on the opposite side of investors' trades and run a direction-neutral exposure by constantly buying and selling the underlying asset
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The 'Merge Trade' Has Begun, Experts Say, as Ether Surges And stETH Discount NarrowsRenewed clarity about Ethereum's 'merge' upgrade's timeline seems to have galvanized investor interest in ether and its staked derivative on Lido finance called stETH, offering a reprieve to the battered cryptocurrencies. godbole17 reports
Leer más »
Ether Futures See $230M in Liquidations as Merge Pushes ETH to $1.5KFutures tracking ether saw over $230 million in losses in the past 24 hours as buying pressure built up on the world’s second-largest crypto by market capitalization ahead of an essential catalyst in September. By shauryamalwa
Leer más »
Esther isn’t fooling anyone in Orphan: First Kill’s new trailerIsabelle Fuhrman returns as Ether in Orphan: First Kill’s new trailer.
Leer más »
Ethereum traders gauge fakeout risks after 40% ETH price rallyEther could crash by 45% because its ascending triangle breakout looks unconvincing.
Leer más »
Ether Futures See $230M in Liquidations as Merge Pushes ETH to $1.5KFutures tracking ether saw over $230 million in losses in the past 24 hours as buying pressure built up on the world’s second-largest crypto by market capitalization ahead of an essential catalyst in September. By shauryamalwa
Leer más »