The tokens associated with artificial intelligence (AI) have succeeded worse than the greatest cryptocurrencies in the last 24 hours. The relative weakness intervenes in the midst of an unusual activity in the put options linked to the actions of Nvidia (NVDA), the flea manufacturer who declared on Monday that he would begin to build his AI supercomputer in the United States
While Bitcoin (BTC), the largest cryptocurrency per market value, added 0.6% over 24 hours to $ 85,500, TAO, the automatic learning network based on the blockchain, Bittensor, exchanged 3.6% at $ 239 and the decentralized GPU rendering platform. Other tokens, including Fet, Sei and GRT, lost 2%.
The NVIDIA PUT options in the short term saw a significant activity on Monday, according to the data followed by convex value. The action was concentrated in the typing options of $ 100 expired on April 17, April 25 and May 2. In addition, there was an activity in the $ 60 expired on April 17 and $ 50 and $ 85 of dishes expired on May 16.
The convex value called activity in these power options those called strikes below the specific price of the company based in Santa Clara, California, of $ 110 unusual. “My bet would be [these are] Protective Plays, “said a platform analyst in Coindesk.
The purchase of a sale option is similar to the purchase of insurance against market slides. Merchants generally make them remove when you are looking to take advantage of or cover their bets on site / eventually on a potential drop in the market.
“Someone knows something,” said Merlin Capital on the analysis service based on bodies on X.
