Bullish on Shanghai upgrade: bulk trading accounts for 40% of ETH trading
According to data, $ETH’s bulk trading accounts for as much as 40% of total volume, with the majority of trades concentrated at the end of this month. It is speculated that big players are betting on the Shanghai upgrade.
Currently, bullish positions dominate the market, especially during yesterday's push to $2,000, where a large number of active buyers bought call options, driving up IV in major expiry periods.
Meanwhile, BTC's short-term IV has been trending downwards, reflecting the recent low volatility levels.
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
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More
