Analyst: Options Market Data Shows ETH Has Potential to Rise to $4400
BlockBeats News, August 9th, Coindesk analyst Omkar Godbole stated that a hidden signal in the derivatives market indicates that Ethereum (ETH) may experience an intensified uptrend, driving its price quickly to $4400.
This key indicator is the net Gamma exposure of market makers in the Deribit Ethereum options market. Gamma is a crucial metric for options traders, measuring how the options' Delta (i.e., their sensitivity to the underlying asset's price changes) varies with market fluctuations.
When market makers are in a negative Gamma state, they are forced to buy the underlying asset on price increases and sell on price decreases, which usually amplifies market one-sided movements. Market makers provide liquidity to the order book, profit from the bid-ask spread, and strive to maintain a price-neutral net exposure.
According to data provider Amberdata, a significant negative Gamma accumulation has been observed in the $4000 to $4400 strike price range. As Ethereum breaks above $4000, market makers may buy Ethereum for hedging, thereby forming a self-reinforcing positive feedback loop that drives the price rapidly to $4400. At this price level, the Gamma dynamic will turn positive, forcing market makers to take reverse actions to suppress price volatility.
Greg Magadini, Derivatives Director at Amberdata, stated: "If the market momentum is strong enough to break through $4000, we will see market makers becoming net buyers of Ethereum at higher levels as well, potentially causing a rapid price increase to $4400, which is the next significant Gamma inventory level." This makes $4400 a reasonable target for the current uptrend.
También te puede gustar
Ganadores
Últimas noticias cripto
Análisis: BTC podría repuntar en el primer trimestre del próximo año, tendencia actual muy similar a 2022 Bear Market
Divulgación de KOL: La caída anormal del precio del SÁHARA de anoche se debió a la liquidación de su principal proveedor de liquidez.
Goldman Sachs: El recorte de tipos de la Fed en la próxima reunión de diciembre está casi hecho
En las últimas 24 horas, la salida neta de CEX fue 19541.03 BTC
Los datos actuales de los tipos de financiación CEX y DEX indican que el sentimiento del mercado sigue siendo bajista
Atención al cliente:@weikecs
Cooperación comercial:@weikecs
Trading cuantitativo y MM:[email protected]
Servicios VIP:[email protected]