According to Glassnode data, the current open interest of ethereum ETH 2.29% options has reached 6.6 billion US dollars, a record high, at the same time, Bitcoin options outstanding contracts are 4.8 billion US dollars. Many experts believe that the phenomenon occurred because of the Ethereum merger.
In this regard, Bitfinex market analysts said that investors across the derivatives market appear to be buying call options on a rebound in the price of Ethereum, which will last until the consolidation, but may drop sharply thereafter.
