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Data shows Ethereum bulls expect a new ATH after Friday’s $1.25B ETH options expiry -Breaking

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EtherETHThe altcoin () gained 950% by 2021, and it seems that there is no plan to stop. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. This phenomenon does not only affect Ether bulls.

You can’t buy Ether for a set price at the end of the future. The Oct. 4th, $5,000 call option was traded at ETH 0.082. This is approximately $320. These options have now become worthless for bulls.

Coinbase: Price of Ether in USD TradingView
Open interest in Ether Options for October 29 is a total of $1.9 billion Source: Bybt