These flows represent a bullish bet on volatility rather than a downside hedge or outright bearish position.
Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction
These flows represent a bullish bet on volatility rather than a downside hedge or outright bearish position.
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The ETF has seen significant investor inflows, with over $1 billion collected since June, indicating bullish market sentiment for ether.
Bitcoin's value dropped over 2%, dragging the broader market lower.
BTC's Bollinger bands are now at their tightest since February.
The token's realized price, the average cost basis of all coins last moved, has dropped below $134 for the first time since May 2022.