Sharp winnings in alternative cryptocurrencies could define the end of the year, with sun, XRP and Trump ready to lead the charges, Crypto Options and Derivatives Platform Powertrade said Tuesday.
“Dealers placed bets for the ALTCOIN season, which ran into the end of the year with strong upside call activity for the end of December in Aevo, AR, DOGE, ENA, Hype, Link, MOG, PAXG, SOL, TIA, Trump and Zro,” Bernd Sischka, co-founder and Chief Commercial Officer in Powertrade told Coindes, August.
The platform recorded a cumulative trading volume of over $ 1 billion in August – with call options that amount to approx. 68% of the total trades – an unmistakable sign that investors are leaning against up -pieces rather than protective hedges. A call option gives the holder the right, but not the obligation, to buy the underlying asset at a predetermined price of or before a specific date representing a bullish effort in the market.
Solana stood out again and attracted heavy calls in buying in September and December expired, with strike prices that are well over the current levels. Dealers appear to be sure that the native token of Solana Blockchain will chalk a breakout -rally in the fourth quarter.
Meanwhile, the XRP experienced unusually large block dealers in December outlet calls, suggesting growing optimism about potential legislative clarity or ecosystem development. In a quirky VRI, merchants took massive calls spreads in Trump options and expected a volatility boom.
Meme -coins like Dogecoin and pepe Drew mostly retail interest, but symbols such as wif witnessed increasing open interest and signaled that institutional investors are quiet construction positions, especially in more established altcoins.
The platform emphasized that institutions play a bigger role and engage in block RFQs (request-for-quotes) On Bitcoin and Ether volatility as well as significant altcoin trades that combine cover and speculative efforts. “With bold policy steady and liquidity back, stars are in line with a end of the year at the end of the year,” it said.
Basically, Powertrade’s report revealed growing speculation in the wider market and stretched out over Bitcoin and Ether, with both retail and institutional participants preparing for significant gains in Altcoins in the coming months.
While Powertrade’s total trading volume remains significantly less compared to the industrial giant, it differs by offering options linked to smaller altcoins. This specialization allows traders to uncover their exposure and utilize price movements in these more unstable, less broadly covered tokens, an option that is often not available on larger platforms.
