Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
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Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.
The new offering called “Gold Rush” offers a trifecta of decent return, market exposure and protection from losses.
Bitcoin’s annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points.
Dealer hedging could breed volatility at around $70,000, one observer said.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.