Ether derivatives conditions could trigger sharp ETH price swing in the near future, analysts say | Headlines | News | CoinMarketCap
04/16/2024 22:51
Several analysts see the current …
The Block Crypto News22 minutes ago
Published on April 16, 2024 15:29 GMT+00:00edited on April 16, 2024 15:34 GMT+00:00
Several analysts see the current state of the ether derivatives market as causing a significant, short-term price movement in the asset.
"The market is short ether gamma, near-dated options, which means that a sharp move in either direction would be amplified," QCP Capital analysts said.
Similar conditions were detected by crypto derivatives trader Gordon Grant, who observed a sharp rise in short-dated volatility as ether recently experienced a more significant sell-off than bitcoin.
"You can see the material divergence in ether versus bitcoin. Term structure …