Cryptocurrency Exchange CEO Says “Everything Shows Bullish” and Explains the Reason

According to data Ethereum Call options have become more expensive than put options across all maturities. According to one analyst, this trend indicates a bullish trend in the market.

cryptocurrency Luuk Strijers, CEO of exchange Deribit, said in an email: “The bid minus bid skew is negative across all maturities and increases further beyond the end-June expiry, which is a very bullish signal, with the basis rising to around 14% annually.” , this is another bullish indicator.”

The analysis shows that investors are willing to pay more for calls than for puts, especially for options expiring at the end of June and later. This trend could be an indicator of a bull market, according to the CEO, as it shows that traders are predicting that ETH prices will rise in the future.

There has been renewed optimism regarding the potential approval of spot ETH ETFs following a surprise filing request by the U.S. Securities and Exchange Commission (SEC).

Strijers continued: “We have observed a significant increase in trading volumes and volatility for ETH options and futures on Deribit. In fact, we recorded an almost unprecedented transaction volume of $12.5 billion in the last 24 hours.”

*This is not investment advice.

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