News Formal

Giant Whales Bet Big on Ethereum (ETH) & Bitcoin (BTC), Sparking Market Optimism

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bitcoin $BTC and Ethereum $ETH primed for second half rally as whales' bets indicate bitcoin btc btcusdt ethereum eth ethusdt

In particular, a considerable number of block calls, primarily involving Buy-DEC-2200C/2400C and Sell-DEC-3000C Ethereum contracts known as bull spreads, dominated the trading floor.

These bullish strategies suggest that traders anticipate favorable price movements for ETH. Impressively, over 12,500 sets of these options contracts were traded, with a total notional value exceeding $50 million, indicating a significant response from the market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day – Market Updates Bitcoin NewsEthereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data.
Source: BTCTN - 🏆 531. / 51 Read more »