According to The Block, analysts from QCP Capital believe that the current state of the Ethereum derivatives market could lead to significant fluctuations in the short term. The analysts stated, “The market is shorting Ethereum gamma and recent options, which means that any significant volatility in either direction will be amplified.”
QCP Capital analysts pointed out that indicators of Ethereum risk-reversal trades suggest a strong pessimistic expectation for the recent price trend of Ethereum. The analysts at QCP Capital further added, “The Ethereum risk-reversal has become very negative at the front end, at -12%, indicating a tense market sentiment.”
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