Increased interest in Ethereum options and their decline in Bitcoin … Details here
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Increased interest in Ethereum options and their decline in Bitcoin … Details here
The combined total market capitalization of Bitcoin and Ethereum is estimated at $685 billion, while the overall market capitalization of the crypto market is estimated at $831 billion.
This means that Bitcoin and Ethereum account for 82% of the market in total.
The Bitcoin currency rose remarkably at the end of 2020 and continues to this moment to break more new records, the latest of which reached the level of 32 thousand dollars, and Ethereum performs similarly to Bitcoin, as it also reached a record level that it has not reached since March 2018.
Although Ethereum has not yet broken its record set at the end of 2017 and the beginning of 2018, it broke many other records, such as the record rise in the number of addresses held by Ethereum:
Read:Bitcoin price fluctuates around 40 thousand dollars…waiting for the next catalyst!
The number of addresses holding Ethereum has reached an all-time high
According to the sitesaint39 Ethereum addresses have been identified that contain more than 10,000 Ethereum.
While according to the same source, the number of wallets containing 1-10,000 Ethereum has decreased, and the number of addresses containing 1-100 Ethereum has also decreased.
with ETH dollar Over $750 for the first time in 31 months, we found out there’s an extra $39 # Ethereum Titles containing 10000+ ETH dollar Compared to only two months. Meanwhile, the number of titles containing 1-10000 ETH dollar shrunk during this time. pic.twitter.com/Tr7wiYsUO7
– Santimentfeed December 31, 2020
This activity was similarly seen in Bitcoin earlier.
It is also worth noting that the number of Ethereum in trading platforms decreased, which indicates investors’ tendency to keep it, especially the institutional investors category.
Glassnode indicated that only a small number of Ethereum was entered into the exchange by retailers.
📉 # Ethereum ETH dollar Net Flow (1 day MA) just reached a 3-month low – $5666320.74
Read:FTX CEO Predicts How GBTC Opening Could Affect Bitcoin?
The previous 3-month low was recorded at -$5,619,880.34 on December 30, 2020
Scale width: pic.twitter.com/K3ZFBKxNto
– glassnode alerts (glassnodealerts) December 31, 2020
As a reminder, Ethereum has previously reached its historical peak at $1,400, and the currency is currently at a slightly more than halving level to reach it again.
Read:Authorities raid Deutsche Bank for involvement in money laundering cases
Ethereum options that outperform Bitcoin options in terms of demand, as the Ethereum options market is known to have a record high.
Recent data indicates that Ethereum options traders are anticipating a 20% rally in the price of Ethereum again, possibly to $880 by the end of January.
Interest in Ethereum options increased 150% in the fourth quarter of 2020 with Bitcoin dropping.
This indicates that despite Ethereum reaching as high as $765 levels, professional traders remain confident in Ethereum’s future potential.
Read also:
What is the digital currency “Diem” supported by Facebook? How does it work?
Artwork based on non-fungible cryptocurrency “NFT” sells for $8.2 million
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time