Ethereum bulls control 100% of this week's $470M ETH options expiry

Ethereum bulls control 100% of this week's $470M ETH options expiry

Ether's spectacular rise to $3,300 has rendered all of the bearish put options worthless ahead of this Friday's $470 million expiry. On May 7, a total of $470 million in Ether (ETH) options are set to expire, and "slaughter" is really the only word that describes what is about to happen to bearish ETH traders.Currently, almost every single one of the 75,909 put (sell) option contracts will become worthless if Ether manages to remain above $3,100 until Friday 8:00 am UTC.Ether's growth has been fueled by the growth of decentralized finance (DeFi), which has recently surpassed $60 billion in....


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