Options market traders are preparing for a possible correction in Ethereum (ETH).
By cryptocurrency trading firm QCP Capital March 12 The report shared today included the momentum between call options and put options on Ethereum.
The data show that the price is particularly over $4,000 with the release bearish option transaction It has been revealed that the number of investors in the market has increased. Analysts predict that this decline will come true today. dencun With the upgrade, a “sell the newsWhile attributing the situation to the possibility that it could happen, the negative atmosphere regarding spot Ethereum ETF applications was also included.
Recently, senior Bloomberg analysts US Securities and Exchange Commission (SEC) spot Ethereum exchange-traded fund (ETF) issuers, stating that it has had little contact with issuers, downgrading the possibility of approval in May. from 70% to 30% he had dropped it.
On the other hand, QCP Capital analysts say that any possible decline is expected by investors. can be purchased aggressively he emphasized. While it was stated that these put option transactions may have been taken only as a precaution, it was noted that the bull market continued to maintain its momentum.