QCP Capital: Due to the reduced likelihood of approval for an Ethereum spot ETF in May, investors have shown increased interest in its put options
According to CoinDesk, data shows that the one-month skewness of Ethereum has turned negative, implying relative strength in put options. It is reported that put options are used to hedge against bearish price trends. Previously, the 60-day indicator for Ethereum also leaned towards put options, while the 90-day and 180-day indicators remained positive.
QCP Capital explained in its latest market insights article that investors' interest in recent Ethereum put options may stem from the decreasing likelihood of the US SEC approving an Ethereum spot ETF in May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A certain contract whale opened a 40x short position on 700 Bitcoin, with a liquidation price of $114,560.
iZUMi Finance and Nasdaq-listed company CIMG jointly launch $20 million on-chain fund Upstarts Fund
After the Fed's rate cut, the US dollar rebounds and the euro retreats from a four-year high
Trending news
MoreCrypto prices
More
