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Ether options open interest grows 80-fold amid rising institutional appetite

Open interest in Ether options trading has increased from $50 million to $4 billion over the last year. The massive growth of Ethereum’s futures and options arena is reportedly pointing toward significant institutional involvement in the second-largest cryptocurrency by market capitalization. According to a recent report by crypto investment advisory firm Two Prime Digital Assets, the 80-fold growth in Ether (ETH) options open interest goes beyond mere retail speculation. As part of its report, the firm argued: “Institutional money managers have moved in to start hedging net long portfolios against outsized volatility events.” The same exponential growth can also be…

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38% Ethereum futures premium signals traders anticipate $2,500 ETH

Futures traders are increasingly bullish on Ether price in the short-term with $2,500 now in play. Now that Ether's (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term.  Some analysts believe Visa's initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a "triangle market structure" breakout. Regardless of the cause behind the recent 25% rally, professional traders seem highly optimistic this time around. This conclusion can be reached by looking at the surging…

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Is the DeFi boom driving the Ethereum derivatives market?

DeFi has been a widely talked-about sector over the past few months. This is not at all surprising in light of the fact that DeFi’s market cap has risen exponentially over the summer. A look at DeFi Pulse’s charts clearly underlined the rate of growth since the TVL in DeFi had risen to $6.69 billion, at the time of writing, with the figure climbing from a mere $1.5 billion two months ago. At the same time, while $815M were locked in for Compound, the TVL for Synthetix was upwards of $756M. Source: Skew However, that’s not all, as the explosive…

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Ethereum open contracts remain high – Trouble ahead?

Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost in terms of its price on 13 August. As the price of Ether surged by 18.55% within a day, the value of ETH peaked at $432.94. This price point was visited in August 2018. Source: Skew As the spot market gained, the derivatives market was also reflecting great interest from the traders. According to data provider Skew, as the price of ether pushed higher, shorts worth $1.3 million were liquidated in…

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