TechFlow news, July 11: Greeks.Live released a Chinese bulletin stating that Bitcoin broke its all-time high, reaching around $118,000, while Ethereum successfully surpassed the $3,000 mark, reflecting highly bullish market sentiment. Traders generally view this as a significant market movement occurring once every few months, expecting ETH to target $4,000 or even higher. Under these conditions, buyers of expiry options achieved remarkable success, with single-trade returns reaching 13-17 times. Technical analysis shows ETH is currently in a broad consolidation range between $2,800 and $3,200, with the Gamma Ex indicator showing an amplified negative gamma pattern, suggesting substantial volatility rather than a one-sided trend may follow.
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