#Institutions are heavily buying ETH call options#
Hot Topic Overview
Overview
Recently, institutional investors have been heavily buying ETH call options on the Deribit platform, indicating a bullish outlook on the price of ETH. The largest transaction saw a user pay $684,000 for 5,000 ETH call options expiring on January 24th (this Friday) at a strike price of $3,350. This user expects ETH to break through $3,350 this Friday and potentially continue to rise in the future. Additionally, another user purchased BTC call options expiring at the end of January with a strike price of $105,000, and simultaneously sold call options expiring at the end of March with a strike price of $115,000. This user expects BTC to break through $105,000 in the near term and take profits at the end of March. The large purchases of call options by institutional investors suggest a positive market sentiment towards the future trajectory of ETH and BTC, anticipating continued price increases in the short term.
Ace Hot Topic Analysis
Analysis
Recent massive purchases of ETH call options by institutions indicate optimistic expectations for the future price of ETH. According to data disclosed by Lin Chen, Head of Business Development Asia Pacific at Deribit, on the X platform, the largest bulk trades on Deribit today were both call options for BTC and ETH. In particular, for ETH, a user paid $684,000 to buy 5,000 ETH call options with an expiry date of January 24th (this Friday) and a strike price of $3,350. This is a bullish long position. If the price is above $3,500 at the time of settlement, it will be profitable. Currently, ETH is hovering around $3,250, with a DVOL volatility index of 73.4 and a greed index of 76 (greed). The ETH/BTC exchange rate is 0.0320. The massive purchase of ETH call options by institutions indicates that they expect ETH to break through $3,350 in the short term and potentially continue to rise in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Institutions bought a large amount of ETH call options, indicating that institutions are bullish on the ETH price and expect ETH to break through $3350 in the short term.
The reason why institutions are bullish on ETH may be that ETH's recent volatility has been high and the greed index has also been at a high level. Institutions believe that there is room for ETH prices to rise.
The call options purchased by institutions have a short maturity date, indicating that institutions are optimistic about ETH price increases in the short term.
Institutions bought a large amount of call options, indicating that institutions are confident in the rise of ETH prices.