It can reach 5 thousand dollars for ETH after the expiration of the options on Friday is $ 5 billion

Main meals:

• The upscale strategies dominate the expiration of $ 5 billion, which gives traders a advantage if prices rise.

• Neutral strategies to the seed often failed less than $ 4,600, leaving merchants who were exposed to being raised in August.

Ether of $ 5 billion (EthThe expiration of the options on Friday may put a turning point for the encrypted currency, as the upscale strategies are now better after the ETH price increases by 22 % over the course of 30 days. This event can provide the momentum to pay the ether above $ 5,000, although the investor’s concentration is still on NVIDIA (NVDA) profits expected on Wednesday.

It is placed by the current market value of $ 557 billion among the 30 largest trading assets, before giants such as MasterCard (MA) and Exxon Mobil (XOM). While it is discussed whether the arrows should be compared to the arrows, it is Historical connection With the S&P 500 it indicates that traders apply a similar evaluation of the risks to both assets.

The relationship of more than 80 % indicates that the price of ETHER has been closely reflected in the S&P 500 movements, although the relationship is briefly up to a period during a period of two weeks in late July. As a result, the ether merchants have a reason to see corporate profits, especially in artificial intelligence The sector, which was a major driver for the stock market index.

The options for recalling the ether (purchase) reserves $ 2.75 billion at open interest, or more than $ 2.25 billion in contracts (sale), but the expiration result depends on the price of ETH at 8:00 am UTC on Friday. Deribit dominates the 65 % ETH options market, followed by 13 % and CME with 8 %, making it useful data analysis from the leading stock exchange.

Ether strategies are not prepared for $ 4000 and above

Ethereal bears were eliminated when the ETH rose earlier in August, as most of the declining bets were placed at $ 4000 or less. Despite the rejection of $ 4,800, traders who follow up bullish strategies are in good profit from $ 5 billion Monthly expiration.

Only 6 % of ETH options are placed at $ 4,600 or higher, leaving most neutral structures to power effectively valuable. On the contrary, 71 % of call options were placed at $ 4,600 or less, with prominent groups at $ 4,400 and $ 4,500. As a result, the bulls are expected to continue to support the ETHER price before the monthly validity.

Related to: The best month of ETHEREUM ever puts the price ETH 7 thousand dollars within reach

Here are four potential scenarios in Deribit based on current prices. These results estimate theoretical profits based on the imbalances of open benefits, but they exclude complex strategies, such as selling call options to get exposure to the negative side prices.

• Between $ 4,050 and $ 4,350: 820 million dollars in calls (purchase) for $ 260 million in sale (sale). The clear result prefers calling tools of $ 560 million.

• Between $ 4,350 and $ 4550: $ 1.05 billion, a call for $ 140 million, in favor of calls for $ 915 million.

• Between $ 4550 and 4,850 dollars: 1.4 billion dollars, a call for $ 45 million, the calls are preferred by 1.35 billion dollars.

• Between $ 4,850 and $ 5200: $ 1.82 billion, a call for two million dollars, in favor of calls by 1.8 billion dollars.

The richest bulls may come out of the month of the monthly options, even if the ETH fell to $ 4,400. Although the ether, which exceeds $ 5,000 in the coming weeks, is still possible, it is possible that this result will depend on the feelings of merchants after NVIDIA profits and their general evaluation of the world Economic growth Risks.

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