Odaily星球日报讯 根据 Amberdata 的数据，一些交易员在加密货币交易所 Deribit 上以 4,000 美元的执行价购买大量以太坊 9 月到期看涨期权。 Amberdata 衍生品总监 Greg Magadini 表示：“从本周的区块流量来看，我们看到 9 月 4,000 美元看涨期权的大量买入活动。如果 ETH 升至 4,000 美元以上”的迹象。我们可能会测试并突破新的历史高点。”（Coindesk）

交易者以4000美元执行价购买大量以太坊9月到期看涨期权

Odaily Odaily News According to Amberdata data, some traders bought a large number of Ethereum September expiration call options at a strike price of $4,000 on the cryptocurrency exchange Deribit. Greg Magadini, director of derivatives at Amberdata, said: &quot;From this week&#39;s block flow, we see a lot of buying activity for the September $4,000 call options. If ETH rises above $4,000, we may test and break new historical highs.&quot; (Coindesk)

Traders buy large amounts of Ethereum September call options at $4,000 strike price

Odaily Odaily News Mechanism Capital co-founder Andrew Kang published an article on X analyzing the potential impact of Ethereum spot ETF on the market. He said that Bitcoin spot ETFs provide a channel for many new buyers to configure Bitcoin in their portfolios, but the impact of Ethereum ETFs is far less clear. Unless Ethereum creates a convincing way to improve economic conditions, its price will not usher in considerable upside due to the approval of spot ETFs. Kang expects the flow of funds for Ethereum spot ETFs to be lower than the general market expectations, especially in the first few weeks: because the approval of the ETF was unexpected, the issuer did not have much time to convince large holders to convert their ETH to ETFs; on the other hand, it is less attractive for holders to convert ETH because they need to give up staking or use ETH as a DeFi collateral income (Note: the staking rate is only 25%). He further added that at a certain price, Ethereum will still be considered valuable. When Bitcoin rises in the future, it will be pulled up to some extent. Before the ETF is launched, ETH is expected to trade between $3,000 and $3,800; after the ETF is launched, the expectation is $2,400 to $3,000. However, if BTC reaches $100,000 by the end of Q4 2024/Q1 2025, then this may lead ETH to a new all-time high, but ETH/BTC will fall further and be between 0.035 and 0.06 in the next year.

Andrew Kang: Ethereum spot ETF has far less impact on the market than Bitcoin, and ETH has limited upside potential

Author: Climber, Jinse Finance
On June 24, the crypto market experienced another sharp drop, with BTC falling below $63,000 and SOL falling to around $125. Although the top currencies have not yet fallen to the level of April this year, the decline of many blue-chip Altcoin has already caught up with the early bull market last year. Many investors said that their earnings for most of the past six months have been lost in the past few weeks, and they may have to "wear the yellow robe" again.
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As of the time of writing, the number of spot currencies on the Binance platform alone that have fallen is 1,150, while the number that has risen is only 106, accounting for less than 10%.
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From the analysis of on-chain behavior, how far may BTC fall in extreme cases in the bull market?
The overall logic is to evaluate from two aspects based on on-chain behavior analysis and historical data.
Method 1: From the perspective of STH-MVRV (short-term holders)
Short-term holders are important participants in the bull-bear transition, so the performance of STH-MVRV has extremely important reference value in the bull market cycle. I have used 2 tweets to explain its principles and functions in detail. New friends can refer to the following link, and I will not repeat it here.
About STH...