The post Crypto Market News: Whale Trading Activity Lowers Volatility Spread Between Ether and Bitcoin appeared first on Coinpedia Fintech News
Options contracts tied to ether (ETH) valued at $2.3 billion are approaching their expiry on popular crypto derivatives exchange Deribit this Friday. In anticipation of this crucial quarterly settlement, there is a narrow spread between Deribit’s 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL).
Increased institutional interest in “overwriting” or selling ether call options is cited by Deribit as the reason behind the negative spread, which indicates relative stability in ether. This market dynamic sets the stage for potential significant shifts around the options expiry on Friday.
Overwriting is a popular strategy for generating additional income alongside spot market holdings. Call sellers offer protection to buyers against price rallies in exchange for a fixed compensation.
Substantial institutional Ether sel
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