Bitcoin fell by over $3,300 while options traders see ether going higher.
Less action in the bitcoin market Wednesday means traders are sitting out
while ether options are piling up for a first-quarter expiration.
Bitcoin’s price has ridden a roller coaster on lower spot volume while options
traders are ready to bet on ether FOMO.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options
traders clearly are betting that ether is overvalued.
Bitcoin continues to appreciate in price as ether options interest wanes after
a hot November.
The bitcoin market dipped again Tuesday while traders have scooped up ether
options at the $1,120 price level.
Bitcoin trades above $19,000 as ether options volume on exchange Deribit
Bitcoin’s price performance has been choppy while ether options trading has