Deribit: Ethereum ETF timeline is advanced and certainty is increased. Now is a great opportunity to buy call options
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Odaily Odaily News Deribit released an analysis on the X platform, saying that the speech of Federal Reserve Chairman Jerome Powell after the CPI strengthened the policy stance, resulting in bearish sentiment that once again depressed the price of cryptocurrencies. However, there was optimism on the Ethereum ETF timeline, and influential people provided favorable news about the approval of the S1 ETH ETF, which brought the timeline forward and brought greater certainty. Traders reacted quickly and bought $3,500-3,700 call options expiring on June 21. Deribit said that it is an excellent opportunity to buy call options. Spot prices are low, short positions are many, bullish tilts are suppressed, and implied volatility is lower than actual volatility.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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