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

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.

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