Name: A $10M Options Bet on Ether Shows Positioning for a Bullish Second Half
Uploaded: 2023-07-03T17:42:05.000Z
Duration: 1 min 9 s
Description: Ether (ETH) jumped 61% in the first six months of the year and traders are now betting the rally in the token of Ethereum could extend in the second half. According to Amberdata, an investor purchased roughly 63,250 bull call spreads tied to ether and the strategy cost an initial $10 million. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

CD20$2,009.051.26%BTC$74,238.842.06%ETH$2,017.712.54%XRP$1.311.41%SOL$82.091.77%

A $10M Options Bet on Ether Shows Positioning for a Bullish Second Half | CoinDesk Videos

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CD20$2,009.051.26%BTC$74,238.842.06%ETH$2,017.712.54%XRP$1.311.41%SOL$82.091.77%

A $10M Options Bet on Ether Shows Positioning for a Bullish Second Half | CoinDesk Videos