Crypto NewsNewsCryptocurrency Exchange CEO Says "Everything is Bullish", Explains Why

Cryptocurrency Exchange CEO Says “Everything is Bullish”, Explains Why

The CEO of the cryptocurrency exchange Deribit said in his statement that there are currently bullish indicators in the options.

Follow Bitcoin Sistemi Google News Button

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.

Luuk Strijers, CEO of cryptocurrency 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 at around 14% per year.” “It has risen to e, which is another bullish indicator.”

Related News  Shocking Interest Rate Remarks from Goldman Sachs CEO: Will There Be A Rate Cut This Year? Revealed His Forecast

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).

“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 trading volume of $12.5 billion in the last 24 hours,” Strijers continued.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week