Good news! According to Deribit data, about $33 billion in notional Ethereum options will expire at the end of April, of which about two-thirds are used for call options, or bullish bets on prices.
"Call options are concentrated between $3,700 and $4,000, showing the market's upward bias and potential bullish sentiment," said Jake Ostrovskis, an OTC trader at Wintermute.
Even more exciting is that according to Deribit data, the Ethereum put-to-call ratio for expiration at the end of April is currently 0.45. This ratio is less than 1, indicating that call option trading volume exceeds put option trading volume, which undoubtedly further confirms the market's bullish sentiment.
While I am neutral on the market, I am optimistic about Bitcoin, and this news is undoubtedly good news! Let's look forward to Ethereum's performance together!
