$6.5K Ether Bets Dominate Deribit Open Interest
The $6,500 call option on Deribit is the most popular, with a notional open interest of over $380 million.
- The $6,500 call option on Deribit is the most popular, with a notional open interest of over $380 million.
- Ether's price has dropped 26% this quarter to $3,033, with lows under $2,650 last month.
Ether's price has had a rough quarter, still, on Deribit, the ether $6,500 call is the most popular option in terms of open interest.
As of writing, notional open interest in the $6,500 call, representing the dollar value of the active contracts, was $383.533 million, the highest among all ether options on the exchange, according to data source Deribit Metrics. Other popular plays were calls at $4,000, $5,500 and $6,000.
A call option at the $6,500 strike represents a bet that the spot price will rally beyond that level. A call buyer is implicitly bullish on the market.
Ether's spot price has dropped 26% to $3,033 this quarter. At one point last month, prices hit lows under $2,650, CoinDesk data show.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
