- Ethereum (ETH) risk reversals turned negative for upcoming expiries.
- QCP Capital anticipates a correction in the price movement of the token.
- ETH is set to undergo the Dencun upgrade, which will boost the network’s scalability.
Ethereum (ETH) has caught the attention of investors as its risk reversals turned negative for upcoming expiries, according to the data from QCP Capital, a crypto asset trading firm.
Notably, risk reversal is a measure of how much the market thinks prices might change. When ETH’s risk reversal goes negative, it suggests people are more worried about prices dropping. This change could be because more people want to buy put options, a kind of protection against possible losses if their bets on rising prices go wrong.
On the other hand, people who have invested in altcoins are also getting in on the action. They’re buying ETH put options to guard against potential downsides to their altcoin investments.
Interestingly, QCP raised a caution flag about the amount of borrowing happening in the market while adding that the rise in demand for put options, combined with risky bets on prices going up, makes investors worry about a possi…
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