🚀 Are ETH Options Traders Betting on a Bullish June?
posted 14 May 2024
![Are ETH Options Traders Betting on a Bullish June? Photo - Are ETH Options Traders Betting on a Bullish June?](https://s3.eu-central-1.amazonaws.com/gncrypto.news/2MCZUgCYoBglWoNSL3yIGMJFSX82bqohPtM12ghD.png)
Data from Deribit shows a significant concentration of ETH call options (as of this writing) around a strike price of $6,500 for June.
![ETH Options Chart Source: Deribit.com](https://s3.eu-central-1.amazonaws.com/gncrypto.news/7n0L5KJlnPrUejghDedXJxm0lMOVRuD8hPH2JHAM.png)
ETH Options Chart Source: Deribit.com
This implies that some traders are betting on ETH hitting or surpassing $6,500 by the options' expiry date (June 28, 2024).
![BTC Options Chart Source: Deribit.com](https://s3.eu-central-1.amazonaws.com/gncrypto.news/hps83CDdbZBJveu954mRp8H0gp3NCGExPYSCgsio.png)
BTC Options Chart Source: Deribit.com
Interestingly, Bitcoin traders seem to perceive a slightly lower growth potential, as the bulk of BTC call options (expiring on June 28, 2024) are clustered around a price of $75,000.
While market participants may anticipate major positive news for Ethereum by then, it’s worth remembering that traders' predictions can often miss the mark.