Nansen analyst: The ETH options market leans bullish, indicating that investors hold a cautiously optimistic view on mid-term appreciation

ChainCatcher news, according to Cointelegraph, CoinGlass data shows that as of 10:35 AM UTC on February 16, over 70% of ETH options open contracts are call contracts.

Nansen research analyst Nicolai Sondergaard stated that the bullish positions indicate that investors hold a cautiously optimistic view on the mid-term appreciation of ETH. However, although ETH has not shown a significant recovery in the current cycle, the price is still about 44% lower than the historical high of over $4,890 set three years ago (November 2021).