Analyst Note: How Traders Are Positioning for the Merge

The Merge is the most anticipated event in crypto in the last few years. An upgrade of this size and scope has never been attempted before. In aggregate, traders are positioned long spot ETH, short futures, and long options. Holding spot ETH will allow you to obtain any airdrop(s) from any attempted hard fork(s). We discuss a range of trading strategies traders are using to capture potential market moves based on The Merge.

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