On Deribit, 1000 ETH bulk options were purchased for a December 20th $3650 call option
Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that today's largest ETH bulk options trade was: a user purchased a bullish option for December 20th at 3650, totaling 1000 ETH, and paid about $225,000 in premiums. This indicates that the user is still optimistic that ETH can make an upward breakthrough in early December. Currently, ETH has been fluctuating around 3550 and will be profitable if the price exceeds 3900 at maturity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cathie Wood Takes ARK Venture Fund Onchain With Securitize
Litecoin Hits 8-Month High as ETF Holdings Set Record — Can Bulls Clear $75?
University of Michigan September Consumer Sentiment Index falls to a four-month low, inflation expectations for the next year rise to 4.6%
The final value of the US Michigan Consumer Sentiment Index for September dropped to 48.1, reaching a four-month low. Consumers expect inflation over the next year to be 4.6%, higher than last month's 4%. The expected annualized inflation rate for the next 5 to 10 years is 3.4%, the highest level since May. US gasoline and diesel prices have climbed, and mortgage rates have surpassed 7%. According to the survey leader, despite political differences, consumers unanimously believe the economic outlook has worsened.
Crypto prices
More
