Whale Drives Ether and Bitcoin Volatility Spread Lower Ahead of Options Expiry

The cryptocurrency market sees a decrease in volatility as a whale moves more than $780 million worth of ether and bitcoin. The whale’s movements have resulted in a lower volatility spread ahead of the options expiry.

Whale Moves More Than $780 Million Worth of Ether and Bitcoin

A whale, which is a term used to describe an individual or an entity that holds a large amount of cryptocurrency, has moved more than $780 million worth of ether and bitcoin. According to reports, the whale moved 101,857 ether, which is worth approximately $225 million, and 18,899 bitcoin, which is worth about $555 million.

This whale’s actions have had a significant impact on the cryptocurrency market, as it has resulted in a lower volatility spread between ether and bitcoin. In other words, the difference between the two cryptocurrencies’ price movements has decreased, making the market less volatile.

Lower Volatility Spread Ahead of Options Expiry

The whale’s movements come ahead of the options expiry, which is an event that can drive volatility in the cryptocurrency market. Options are a type of financial derivative that give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price and date. As such, options expiry can lead to increased trading activity as investors adjust their positions.

The whale’s actions may have contributed to a lower volatility spread between ether and bitcoin, which could indicate that investors are becoming more confident in the cryptocurrency market. It remains to be seen if this decrease in volatility will continue, or if it is a temporary phenomenon.

The cryptocurrency market has seen a decrease in volatility as a whale moves more than $780 million worth of ether and bitcoin. This whale’s movements have resulted in a lower volatility spread between the two cryptocurrencies, which may indicate that investors are becoming more confident in the market. However, it remains to be seen if this decrease in volatility will continue in the coming weeks.