We delve deep into the market sentiment surrounding Ethereum's highly anticipated Shanghai upgrade, using Glassnode data to decipher traders' positioning. With a focus on key metrics such as Options 25 Delta Skew, Open Interest, and Funding Rate Spread, we reveal a surprising trend in the market sentiment. Will Ethereum face a bullish or bearish reaction following the Shanghai upgrade? Uncover the crucial insight that could transform your crypto strategy...
Research: Ethereum derivatives traders signal caution ahead of Shanghai upgrade Research: Ethereum derivatives traders signal caution ahead of Shanghai upgrade
Trader uncertainty lingers going into Shanghai upgrade, but muted optimism prevails post-event.
4 min read
Updated: Feb. 14, 2024 at 3:33 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitcoin
$64,671.50
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Glassnode
Glassnode brings data intelligence to the blockchain and cryptocurrency space.
