Ethereum options indicate bullish market sentiment by the end of April

2024-04-08 23:59:28

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ChainCatcher news, according to The Block, as of the end of April, the open contracts of Ethereum options expiring show an upward preference and bullish sentiment in the market.

According to Deribit data, approximately $3.3 billion in nominal Ethereum options will expire at the end of April, with about two-thirds of the amount invested in call options.

Wintermute OTC trader Jake Ostrovskis pointed out that the strike prices of call options are concentrated between $3,700 and $4,000, indicating the market's upward preference and bullish sentiment. The current open contract skew shows that the trading price of call options is higher than that of put options, while implied volatility has increased over the weekend.

In addition, the call-put ratio for Ethereum is 0.45, compared to a ratio of 0.48 for Bitcoin options, indicating a relatively bullish stance. However, Ostrovskis also mentioned that the negative impact of regulatory changes remains an issue facing Ethereum.

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