Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai. Omkar previously worked at FXStreet and Mumbai-based brokerage house as FX analyst and holds a masters degree in Finance. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.