{"id":267025,"date":"2021-06-04T23:00:00","date_gmt":"2021-06-04T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-options-data-shows-traders-mixed-opinions-on-eths-future\/"},"modified":"2021-06-04T23:00:00","modified_gmt":"2021-06-04T20:00:00","slug":"ethereum-options-data-shows-traders-mixed-opinions-on-eths-future","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-options-data-shows-traders-mixed-opinions-on-eths-future\/","title":{"rendered":"# Ethereum options data shows traders&#8217; mixed opinions on ETH&#8217;s future"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e5bd74768c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e5bd74768c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-options-data-shows-traders-mixed-opinions-on-eths-future\/#DeFi_growth_supports_higher_Ether_prices\" >DeFi growth supports higher Ether prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-options-data-shows-traders-mixed-opinions-on-eths-future\/#Bears_spent_over_1_million_building_their_positions\" >Bears spent over $1 million building their positions<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum options data shows traders&#8217; mixed opinions on ETH&#8217;s future <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher.<\/p>\n<p>A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_growth_supports_higher_Ether_prices\"><\/span>DeFi growth supports higher Ether prices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another positive factor is that DeFi protocols maintain a $48 billion total value locked (TVL) even though the sector took a substantial hit after the recent Ether price crash.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/bc98e2be-01e1-497e-8ef2-6fd5443cf48f.png\"><figcaption style=\"text-align: center;\"><em>Ethereum network net value locked on smart contracts. Source: DeBank<\/em><\/figcaption><\/figure>\n<p>The 57% increase over the past three months should please even the most optimistic investors, but crypto traders notoriously exaggerate whatever situation took place over the most recent weeks. Therefore, as Ether dropped from the $4,380 all-time high on May 12, traders quickly scrambled to set up protective puts down to $400.<\/p>\n<p>On the other hand, the much-anticipated transition to a proof-of-stake consensus model could be the root of the positive expectations. The EIP-1559 improvement proposal set for next month is another significant stepping stone, and some traders have price targets ranging from $4,000 to $10,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/6967f7ac-aa4a-4859-945e-0a586576a11b.png\"><figcaption style=\"text-align: center;\"><em>June 25 Bitcoin options open interest. Source: Bybt<\/em><\/figcaption><\/figure>\n<p>There are currently 623,800 Ether option contracts expiring on June 25, totaling a $1.75 billion open interest. The neutral-to-bullish call (buy) options are currently 29% more represented, although this call-to-put ratio uses an equal weight for every strike regardless of its probabilities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bears_spent_over_1_million_building_their_positions\"><\/span>Bears spent over $1 million building their positions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ultra-bearish put (sell) options at $1,600 and lower amount to 170,000 Ether contracts, amounting to a $476 million open interest. However, considering the roughly three weeks left until the June 25 expiry, those contracts are trading below $32 each. The market value for those bearish options stands at $1.2 million.<\/p>\n<p>On the other hand, bulls likely have exaggerated by buying call options at $3,800 and higher. These 160,000 Ether contracts amount to a $450 million open interest but considering that their current face value is below $80 each, their market value stands at $5 million.<\/p>\n<p>Therefore, bulls spent more money setting up their position despite the similar open interest placed on both sides. <\/p>\n<p>These out-of-the-money options are an excellent way for options sellers to cash in the premium in advance. The same methodology can be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lied for $2,100 put options and $3,800 call options.<\/p>\n<p><em>The views and opinions expressed here are solely those of the <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/noshitcoins\"><em>author<\/em><\/a><em> and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-options-data-shows-traders-mixed-opinions-on-eth-s-future\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum options data shows traders&#8217; mixed opinions on ETH&#8217;s future &#8221; After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple&#8230;<\/p>\n","protected":false},"author":1,"featured_media":267026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZWVmMTJhYzktNDcyNi00OWYwLWI1MjItMmJhZGU1YzdkMTQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74860,75012,82402,74891,81210,74939,73785],"class_list":["post-267025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-derivatives","tag-ether-price","tag-ethereum","tag-ethereum-options","tag-market-analysis","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=267025"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/267026"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=267025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=267025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=267025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}