Cryptocurrency
Ethereum Options OI Approaches $500m; Here’s What the Market is Saying About ETH
As reported on NewsBTC, “The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million. “The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market. “Options have been seeing increasing popularity throughout 2020, with investors widely […]
As reported on NewsBTC, “The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million.
“The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market.
“Options have been seeing increasing popularity throughout 2020, with investors widely pivoting away from margin trading and towards alternative investment tools.
“As for what the options market is saying about Ethereum’s near-term outlook, data shows that the majority of traders are expecting the cryptocurrency to end the year below its current price of roughly $420.
“Considering the macro strength expressed by ETH, Bitcoin, and many other digital assets throughout 2020 so far, this statistic is rather surprising…”