The notional value of Ethereum call options expiring at the end of June on Deribit exceeds $1.8 billion, with strike prices concentrated above $3,600

Odaily News According to Deribit data, the term structure of Ethereum options open interest shows a concentration of call options expiring at the end of June, including more than 617,000 contracts with a notional value of more than $1.8 billion. CoinShares research assistant Luke Nolan said that the strike prices of Ethereum call options expiring at the end of June are concentrated above $3,600, with $6,500 being the most popular strike price. The analyst emphasized that the notional value of the largest open position at a strike price of $6,500 before the June expiration is $192 million, reflecting that some traders are confident in Ethereum's ability to reach or exceed this level. (The Block)