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Bullish Options Data Gives Hope to Ethereum, Bitcoin Investors
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cryptonews.comLarge options trades that appear to be betting on a year-end rally for ethereum (ETH), and higher prices for bitcoin (BTC) in January, are getting the attention of some crypto traders.
The bullish bets on BTC and ETH were seen on Deribit, the crypto derivatives exchange that accounts for the majority of volume and open interest in the BTC and ETH options market.
Deribit Insights first shared the data on Twitter, saying that one large fund has spent USD 4m on bullish ETH call options expiring by the end of December with strike prices of USD 4,200 and 4,400.
They said that an individual “whale” has spent USD 2m on BTC call options with a strike price of USD 55,000 expiring in January.
Call options with strike prices above the current market
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