Derivatives data and strong fundamentals back retail and professional traders’ bullish stance on ETH price.
에테르 (ETH) 가격 상승 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. 그 동안에, 비트코인 (BTC) could not sustain the $50,000 표, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics.
놀랍게도, the opposite situation emerges when looking at the sentiment of Ether traders who currently show a reasonable degree of confidence in the current price level.
Regulatory pressure and spectacular NFT growth back traders confidence in Ether
월요일에, 새벽 그루터기, a commissioner at the Commodity Futures Trading Commission (CFTC), stated that:
“A trading platform that offers derivatives on digital assets to U.S. 등록하지 않은 사람, 또는 CFTC 거래 규칙을 위반하는 경우, is subject to the CFTC’s enforcement authority.”
It is unclear why Bitcoin’s and Ether’s reaction to the news would be any different, but it is worth noting that commissioner Stump is only one of four to six CFTC members on panels that regulate commodities.
그 동안에, payment processor giant Visa surprised the NFT market, announcing a $150,000 CryptoPunk acquisition. Cuy Sheffield, the head of crypto at the $500 billion market cap company said:
“With our CryptoPunk purchase, 우리는 먼저 발을 딛고. This is just the beginning of our work in this space.”
익숙하지 않은 사람들을 위해, the Ethereum network is the absolute leader in the NFT segment, and a single marketplace called OpenSea has processed more than $1 billion worth of transactions in the past 30 일.
Pro traders are neutral-to-bullish according to futures markets
To understand how bullish or bearish professional traders are leaning, one should analyze the futures basis rate. The basis is also frequently referred to as the futures premium, and it measures the difference between longer-term futures contracts and the current spot market levels.
ㅏ 5% ...에 15% 건전한 시장에서는 연간 프리미엄이 예상됩니다., in a situation known as contango. This price difference is caused by sellers demanding more money to withhold settlement longer.
하나, this indicator fades or turns negative during bearish markets and flashed a red flag known as ‘backwardation’.
위에 묘사 된대로, 현재 11% annualized premium is neutral but much better than one month ago when the metric held below 5%. 그렇지만, a healthy market does not need excessive optimism from pro traders, which usually ends with excessive leverage longs and a basis rate above 15%.
Options traders have been flirting with ‘greed’
선물 상품에 특정한 외부효과를 배제하기 위해, one should also analyze options markets.
그만큼 25% 델타 스큐는 유사한 호출을 비교합니다. (구입) 그리고 넣어 (팔다) 옵션. The metric will turn positive when fear is prevalent as the protective put options premium is higher than similar risk call options.
The opposite holds when market makers are bullish, 원인 25% delta skew indicator to shift to the negative area. Readings between negative 8% and positive 8% are usually deemed neutral.
Notice how Ether option traders have been flirting with the ‘greed’ level since Aug. 7 when the indicator dropped below the negative 8 문지방. This data validates the futures contract premium, which has improved over the past couple of weeks and is currently sustaining a healthy ‘neutral’ 수평.
Derivatives data shows the pro traders that are more active on quarterly futures and Ether options trading sitting comfortably at the time of writing.
여기에 표현 된 견해와 의견은 전적으로 저자 그리고 반드시 Cointelegraph의 견해를 반영하지는 않습니다.. 모든 투자 및 거래에는 위험이 수반됩니다. 결정을 내릴 때 스스로 조사해야합니다.
애드블록 테스트 (왜?)