A Record Monthly Volume for Ether Options:
In January, the volume of transactions in Ether options reached a record high, with a total of $17.9 billion exchanged on major trading platforms.
This increase, which occurred five days before the end of the month, marks a significant performance for the Ether options market, and coincides with a nearly 2% increase in the price of Ether in 24 hours, bringing it to $2,249.
An Open Interest in Favor of an Increase in the Price of Ether:
The Ether options market shows clear signs of a bullish sentiment. Indeed, the put-call ratio for Ether options was 0.31 before the options expired, indicating market confidence.
For reference, a ratio below 0.7 is generally interpreted as a bullish signal, while a ratio above 1 would indicate a bearish sentiment.
Furthermore, the majority of open interest is concentrated in call options for the February 16th expiration with a strike price of $2,350, suggesting that many traders anticipate an increase in the price of Ether beyond this level by mid-February.
