Put options on Ethereum options expiring at the end of this month He concentrated on contracts with a strike price of $2,200.
According to Bitfinex Derivatives Manager Jag Kooner, put options At 2 thousand 200 dollars concentration, applied by investors hedge buying strategy may be part of it.
Kooner, “The activity seen over the past week has been to buy at-the-money (OTM) call options at $3,000 while hedging against downside risk.” With OTM sales of $2,200 “It may have been to hedge.” said.
The Bitfinex manager thinks that data from the Chicago Mercantile Exchange (CME) also supports this. Kooner, “Institutional investors are now very active in the options market and CME, where open interest is growing and OTM selling is increasing for Ethereum at $2,200.” said.
However, Kooner points out that the data in the options market in a bearish way He added that it could also be interpreted. “Accumulation of Ethereum put options at a strike price of $2,200 and accumulation of call options at $2,400, A bearish image in the short term “It may draw and investors may be preparing for possible declines in price.” he commented.
Positions in Ethereum Concentrated to This Level: It Could Be a Sign of a Fall! The article titled was prepared by Selim Kuşçu and published on koinbulteni.com.