#Institution buys massive amount of ETH call options#
Hot Topic Overview
Overview
Institutions have recently been buying large amounts of ETH call options, indicating bullish sentiment towards ETH's future price. According to Deribit data, the largest ETH options trade today saw a user paying $684,000 for 5,000 ETH call options expiring on January 24th (this Friday) with a strike price of $3,350. The user expects ETH to break through $3,350 by Friday, and would profit if the price is above $3,500 at expiry. Currently, ETH is trading around $3,250 with a DVOL volatility index of 73.4 and a greed index of 76, indicating a relatively optimistic market sentiment.
Ace Hot Topic Analysis
Analysis
Recently, institutions have been pouring large sums of money into ETH call options, showing optimistic expectations for the future price of ETH. According to Lin Chen, Head of Business Development, Asia Pacific at Deribit, the largest ETH bulk transaction on the Deribit platform today was a user paying $684,000 for 5,000 ETH call options expiring on January 24th (this Friday) at $3,350. The user expects ETH prices to break through $3,350 by this Friday, and if the price is above $3,500 at the time of delivery, they will make a profit. Currently, the ETH price is hovering around $3,250, with a DVOL volatility index of 73.4 and a greed index of 76, indicating a relatively optimistic market sentiment. Institutional purchases of ETH call options may push ETH prices up further, but investors need to be cautious as the market is highly volatile and risk control is essential.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Institution bought ETH call options with huge capital, indicating a strong bullish sentiment towards ETH in the market.
Institutions expect ETH to break through $3350 in the short term and reach above $3500 before Friday's expiry.
The ETH market is currently in a state of greed, with a high volatility index.
Institutions are using options trading to arbitrage, and are expected to take profit at $115,000 by the end of March.