Last month, Coindesk reported that Big Money becomes more and more optimistic about ether
Price graphics indicating a potential rally greater than $ 3,000.
New evidence has now emerged, supporting these complaints.
On Thursday, a trader paid a bonus of more than $ 2 million to buy a total of 61,000 expiration options for June-final expiration in June $ 3,200 and $ 3,400, according to the Crypto Options Data Options.
Theoretically, the call of $ 3,200 is a bet that Ether’s price will drop from current $ 2,460 to more than $ 3,200 by the end of the month. The purchase of the $ 3,400 call indicates expectations for a decision above this level.
In other words, the merchant provides for a price increase of more than 30% in three weeks.
A purchase option gives the buyer the right but not the obligation to buy the underlying assets at a predetermined price on a later date.
A call buyer is implicitly optimistic on the market and pays a premium for asymmetrical upward exposure. The premium paid, in this case, $ 2 million, is the maximum amount that the buyer loses in case the market does not increase as expected.
The stars align for the bulls
The Haussier flow conforms to renewed optimism among certain analysts on the prices of Ether prices.
According to Youwei Yang, Ph.D., chief economist in Bit Mining, upgrades to the protocol, institutional movements and anticipation around new financial products have all gathered to restore the confidence of investors in ether.
Ether’s parent blockchain, Ethereum, recently implemented Pectra upgrading to improve scalability, flexibility of validators and user experience, by introducing key features such as EIP-7702 to allow regular portfolios to take advantage of intelligent contract capacities.
“The upgrading of Pectra, which was put online on May 7, was a key turning point. By increasing the validator ceiling from 32 to 2,048 ETH and doubling the Blub flow, Ethereum took a major step in the majority of the efficiency of the efficiency and the scalability of layer 2,” said Yang in an e-mail in Coindesk.
“It is a clear signal that the network is serious about the scale and improving its main infrastructure. It is the type of technical progress that brings not only developers, but also users and capital, in the ecosystem,” added Yang.
Yang quoted the announcement of Sharplink Gaming according to which she would move $ 425 million in Ethereum as an ashery reserve to ether as active in the business treasure.
“This reminds us of the first wave of the adoption of the Bitcoin Treasury by companies, and it could be the beginning of something similar for ETH,” noted Yang.
Finally, speaking of institutional adoption, speculation has circulated that American regulators will soon approve an ETHER of the Spot ether with an implementation mechanism, opening doors so that institutions take an exhibition both at the price and yield of the shuttle, a missing characteristic in the ETF of the BTC.
Read more: Ether privileged by Bitcoin by Big Money, here are 3 clues that indicate ETH biases on the cryptography market
