Half-full or half-empty? At the moment, ETH depends on how investors look at it.
Options traders are still extremely risk-averse
If those traders fear an Ether price crash, the skew indicator will move above 10%. On the other hand, generalized excitement reflects a negative 10% skew. That is precisely why the metric is known as the pro traders' fear and greed metric.The skew indicator has been above 10% since May 22, and it recently peaked at 20% on June 3.
Binance displayed a modest decrease in its long-to-short ratio, as the indicator moved from 0.99 to the current 0.96 in four days. Thus, those traders slightly net increased their bearish bets. Overall, there hasn't been a significant change in whales and market makers' leverage positions despite Ether's failure to break the $1,900 resistance on June 6.
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