Cryptocurrency options platform Greeks.Live made a detailed statement for the market based on Ethereum (ETH).
Greeks.Live 6 November A social media post in history in your postmade statements about the cryptocurrency market. Analysts stated that Ethereum remained very strong even over the weekend as it started to rise, and that this situation affected the market in general. across altcoins He argued that it caused an increase in volatility.
Stating that block trading (large volume trading) continued steadily at the weekend. Greeks.Live, stated that this situation represents investors’ confidence in the market. But in put options There was also an increase.
Put options are intended to provide protection in down markets, and this increase may indicate that investors are looking to protect themselves against market declines.
Greeks.Live stated that in bull markets, purchases of put options generally increase after a rise. Well investors reduce or hedge risks after the rise to ensure He may be interested in put options.
Even over the weekend, the bullish atmosphere did not diminish. In particular, the recovery of ETH increased the volatility of other altcoins. According to data, altcoin volatility has now reached its highest level of the year. Block trading remained relatively flat over the weekend. In comparison, Put trade is slowly increasing.
According to CoinGecko data, in the last 24 hours 1.6% rise Etheruem exhibiting at the time of writing from $1,910 is being traded.