Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit’s order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off if the ether price slid 69% in less than six months. On Deribit, one ether options contract represents one ETH.
Related posts
-
Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing
Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may... -
Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure
Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at... -
Leading analyst favors XRP as KangaMoon dominates the market and SOL drops
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned...