Traders Acquire 4000 Worth of Ethereum Call Options Expiring in September

According to Amberdata’s data, some traders on the cryptocurrency exchange Deribit have bought a large amount of Ethereum call options with a strike price of $4,000 expiring in September. Greg Magadini, the derivatives director at Amberdata, stated, “Based on this week’s block flow, we see a significant buying activity of $4,000 call options for September. If ETH rises above $4,000, we may test and surpass new all-time highs.”