Is the sideways trend of #btc preparing to take off?
1. The Ethereum options market has seen some important developments recently, mainly focused on trading activities related to the options expiration at the end of June. Traders' bets on the price trend of Ethereum have significantly increased, with over $2 million flowing into call options expiring at the end of June, targeting a price range of $3200-$3400 (over 30% increase from the current $2460)
2. The market seems to be in a downward trend, but there have been constant positive news (institutions are continuously buying), so this contradictory relationship suggests continuing to build positions with knowledge and action aligned.
3. While new coins are continuously being listed, some older altcoins from the same batch are being eliminated, such as ALPHA, BSW, KMD, LEVER, and LTO, which are about to be delisted. There should be a wave of rebound for these coins, and at this time, it is recommended to cut losses and exit. Instead, one should seriously consider building positions in established mainstream coins.
