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Major Investors Make Substantial Investments in Ethereum and Bitcoin Options Contracts, Sparking Optimism for Second Half of Year

July 4 (Cointime) - Major investors, known as "whales," have made significant investments in options contracts for Ethereum and Bitcoin, leading to abnormal activity in the crypto space.

The surge in activity has sparked optimism for potential positive developments in the second half of the year. Bullish strategies involving Ethereum contracts dominated the trading floor, with over 12,500 sets of options contracts traded, indicating a significant response from the market.

Buyers also showed interest in out-of-the-money Ethereum options contracts, suggesting a belief in further appreciation of Ethereum's price in the coming months. While Bitcoin did not witness the same level of activity, signs of active buying were still evident.

These events are surprising given the usual decrease in market activity after quarterly expiration, prompting speculation among analysts and enthusiasts regarding the market's prospects for the second half of the year.

Bitcoin Bitcoin $94,208.34
-3.74%
Ethereum Bitcoin
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