Options Traders Speculate Ethereum Price Could Significantly Dip After Merge
EthereumOptions Traders Speculate Ethereum Price Could Significantly Dip After Merge08 / 12 / 2022Balita ng Ethereum ng Bitcoin- Advertising - Futures and options are suggesting theyre expecting the price to drop after the Merge upgrade. may Ethereum mainet Merge around the corner, large ETH traders are taking early positions for an imminent rally in the asset classs price after the upgrade. Per data compiled by cryptocurrency analytics company Glassnode, short traders are speculating that the price of ETH could rally up to $2,200 from its current $1,800 level in September, the period when the Merge upgrade is expected to be deployed. Similarly, traders expect Ethereums open interest to surge as high as $5,000. However, some derivative traders are expecting the ETH price to decline massively after the launch of the Ethereum mainet Merge upgrade. Glassnode noted that the price drop might be similar to a “sell-the-news” type of situation. “Post Merge, the left tail, is pricing in significantly higher implied volatility, indicating traders are paying a premium for ‘sell-the-news’ put-option protection post-Merge,” Glassnode analysts said in a note shared by Bloomberg. With Ethereum Merge expected to occur soon, many miners seem unhappy about the development and have suggested that Ethereum may undergo another fork. New ETH PoW tokens will