Ethereum traders showcased optimism toward's ETH's future prices. Additionally, the Ethereum network witnesses a surge in activity.
data, Ethereum observed block call option trades exceeding a value of $20 million, where a substantial proportion of these trades are for short-term calls and have been executed predominantly by prominent whales.
Additionally, based on OkGeeks’ data, the probability of a decline in implied volatility over the following days was significantly high. Implied volatility is the market’s expectation of how much an asset’s price is likely to fluctuate in the future and is a significant factor in determining option prices.
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