The rally to $1,300 had a limited impact on confidence
In bear markets, options investors give higher odds for a price dump, causing the skew indicator to rise above 10%. On the other hand, bullish markets tend to drive the skew indicator below -10%, meaning the bearish put options are discounted.Ether 60-day options 25% delta skew: Source: Laevitas.ch As the 60-day delta skew stands at 14%, whales and market makers are reluctant to offer downside protection, which seems odd considering that ETH is trading at its highest level in 32 days. Both options and futures markets point to pro traders fearing that the $1,300 resistance will not hold ahead of the Fed meeting.
I believe in the success of this project and continue to regularly allocate usdt to buy $ETH
This us the gwei!
Bulls will always be disappointed, but how else?
What a mess at WETH
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