Analysis: An unusually large number of put option buys appeared in the Ethereum options market.

CoinFeed reported on May 29th that, according to an analysis by 10x Research, the Ethereum options market saw an unusually large volume of put option buying, with contract volumes at strike prices of $1800 and $1900 approximately five times the normal level. The firm believes that while Ethereum is currently cheap, cheap does not equate to a buying opportunity. Fundamentals ultimately determine price; marketing narratives can only maintain a deviation for a limited time, and eventually reality will re-establish dominance.