Ethereum's 1-week implied volatility surged from 33% to 67%, prompting traders to use calendar spreads betting on ETH reaching $2,700 by early September. This strategy involves selling near-term calls priced with high volatility and buying longer-term calls with lower volatility, aiming to profit if short-term volatility drops while longer-term remains stable. The trade could yield an 88.8% return if ETH settles near $2,700 by September 4 expiration. The volatility spike signals increased market uncertainty for Ethereum's short-term price movement, with risks if ETH moves sharply beyond the strike price before expiration.
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
Between June 3 and August 27, Ethereum exchange balances fell nearly 18%, with 1.4 million ETH withdrawn from exchanges even as the price rose about 27% since mid-August. In contrast, Bitcoin exchange balances slightly increased by 0.25% during the s...
Ethereum holders have withdrawn 1.4 million ETH from exchanges during a 27% price rally, reducing exchange reserves by 18% since June. This unusual trend shows investors moving ETH to staking rather than selling, as the price reached $2,528. Unlike B...
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
