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Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on November 09, 2021, 10:27:28 PM

Title: Open Positions in Ether ‘Calls’ Hits 1 Million Mark as Traders Pile Onto Higher
Post by: Btceth01 on November 09, 2021, 10:27:28 PM

Open interest in ETH call options, or bullish bets, is twice more than that in puts.Ether’s options market flows appear more bullish than ever, with the cryptocurrency eyeing the psychological level of $5,000.
Data tracked by Swiss-based analytics firm Laevitas shows there are currently 1.02 million call option contracts ($4.8 billion) open on the Deribit exchange – perhaps a record figure and twice more than the put option tally of 426,950 ($2 billion).The big gap reflects top-side bias. “[That’s] pretty bullish positioning,” Amber Group said in a Telegram chat. “skew is favoring topside as well.” Traders buy call options to bet on price increases and seek downside protection via puts when anticipating a correction. Source (https://cryptonews.net/2579305/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)