All $250M in bearish bets for Friday are underwater By Cointelegraph

Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance.

But despite some headwinds, ETH bulls will likely profit $115 million on Oct. 8’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth of neutral-to-bearish put options worthless.

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