Major investors, known as “whales,” have made large bets on Ethereum (ETH) and Bitcoin (BTC), suggesting optimism in the market. These investors have engaged in bullish strategies, specifically trading Ethereum contracts called bull spreads. Over 12,500 sets of these options contracts, worth over $50 million, were traded, indicating confidence in ETH’s price movements. This unexpected market activity after quarterly expiration has sparked speculation about the market’s prospects for the second half of the year. The article includes a disclaimer reminding readers to conduct their own research and not invest more than they can afford to lose.
AI Sentiment: Positive