Cryptocurrency Exchange CEO Says “Everything is Bullish”, Explains Why

Cryptocurrency exchange CEO, Luuk Strijers, expressed a bullish sentiment towards the market, particularly Ethereum, citing the increasing price of call options compared to put options as a positive indicator. The CEO highlighted that the bid minus bid skew is negative across all maturities, signaling an optimistic outlook. This trend implies that investors are willing to pay more for call options, indicating their anticipation of Ethereum prices rising in the future. Additionally, the recent filing request by the U.S. Securities and Exchange Commission for spot ETH ETFs has brought renewed optimism to the market. Strijers further emphasized the significant increase in trading volumes and volatility for ETH options and futures on Deribit, recording a notable trading volume of $12.5 billion in the last 24 hours. It is important to note that this information is not to be considered investment advice.