Nansen analyst: ETH options market tends to be bullish, investors are cautiously optimistic about medium-term appreciation
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Odaily reports that according to CoinGlass data, over 70% of outstanding ETH options contracts are call options, and Nansen research analyst Nicolai Sondergaard says the long positions indicate investors are cautiously optimistic about the medium-term appreciation of ETH. However, while ETH has not yet shown a clear recovery in the current cycle, the price is still around 44% lower than the historical high of over $4,890 set three years ago (in November 2021). (Cointelegraph)
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