Ethereum price retreats as the put/call ratio edges upwards
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Summary:Ethereum put and call ratio on Deribit has risen this week.ETH bullish liquidations have also jumped in the past 2 days.The spectacular crypto comebac
  • Deribit's Ethereum selling and buying ratio increased this week.

  • The liquidation of the rise of ETH has also risen sharply in the past two days.

After a series of enterprises of the United Stats failed to make profits, the shocking recovery of cryptocurrency has already stagnated.EthereumIt fell back to $1500 on Thursday, and the data showed that the sell/buy ratio had increased. It has dropped by more than 5.90% from the highest point this year.

Sell and buy ratio table

The option market is the main sales market for all asset classes, including cryptocurrencies, stocks and products. It involves buying and selling put options and put options on assets. Put options give investors the right to buy assets, while put options give them the right to sell assets.

The sell/buy ratio is an important tool for investors and investors to predict and analyze whether the property will rise. This is why this is an integral part of the anxiety and greed index.

The statistics compiled by The Block show that the selling/buying ratio of EthereumEdgeIt has risen slightly in the past few days. It has risen from 0.24 on January 4 to the highest point of 0.3. Historically, the relatively low ratio is generally the first choice, because this means that there are more customers in the option market. However, it should be noted that the blockchain information only comes from Deribit and does not include other transaction centers.

In addition, another data from CoinGlass shows thatdataOn January 15, the total number of short order clearing in key exchanges rose to the highest level in several months. The liquidation continues, but the pace has slowed since then. However, in addition, long-term liquidation is also increasing. On Wednesday, they rose to the highest level since December 16 last year.

The main reason for this liquidation is the poor financial and sales performance of Goldman Sachs and Morgan Bank. Some of them have now issued warnings about the economic downturn and announced substantial layoffs. Microsoft has laid off more than 10000 people.

Ethereum Price Forecast

ETH/USD data chart (by Trading View)

Ethereum fell as the ratio of put and put options and its long-term liquidation increased. When this coin reached the highest point of US $1612, which is also the highest since November last year, this kind of bump occurred. It has been slightly lower than the downward trend line shown in blue and purple.

In addition, it has been slowly increasing the key link of $1667, which is also the highest point on November 4. Therefore, I still believe that the development prospect of Ethereum is still bright. As I said in this article, the next key link worth attention is $2000Article content.

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