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.
Możesz również polubić
Zyskujące
Najnowsze wiadomości kryptowalutowe
Vitalik wzywa Zcash do oporu mechanizmowi głosowania tokenów
Kapita rynkowa PIPPIN przekracza 120 milionów dolarów, wzrost ponad 60% w ciągu ostatnich 24 godzin
Arthur Hayes: Może Monad może być pierwszym, który w pełni odblokuje tokeny i wyzwanie Ethereum i Solana
Kazachstan planuje przeznaczyć do 300 milionów dolarów na inwestycje w kryptowaluty
24-godzinny przepływ finansowania spotowego: ETH Net Outflow wynosi 139 mln USD, ZEC Net Outflow 11,58 mln USD
Obsługa klienta:@weikecs
Współpraca biznesowa:@weikecs
Quant trading i MM:[email protected]
Usługi VIP:[email protected]