Data shows Ether options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope.
BTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
High correlation to stock markets and recession risks limit optimism on the part of BTC investors.
BTC bears aim for a $360 million profit in July 29’s $1.76 billion monthly options expiry, but the FOMC interest rate decision could play...
Ethereum network developers confirmed September as the date of the upcoming Merge, a move which prompted traders to flip long on ETH.
ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs.
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.
BTC bulls aim to secure a $235 million profit from Friday’s BTC options expiry, but a downside move below $22,000 could nix this plan.
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry.
Data shows Ethereum options traders are less bearish that before, and margin-based markets recently saw some investors go ultra-long on 491,000 ETH.
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