The tokens associated with artificial intelligence (AI) were worse than the largest cryptocurrencies in the last 24 hours. The relative weakness occurs in the middle of an unusual activity in the sales options linked to the shares of NVIDIA (NVDA), the chips manufacturer that on Monday said that it will begin to build its IA supercomputer in the United States
While Bitcoin (BTC), the largest cryptocurrency per market value, added 0.6% in 24 hours to $ 85,500, Tao, the token of the automatic learning network based on Blockchain Bittensor, traded 3.6% lower than $ 239 and the rendering token of the platform of the platform of the platform of the platform of the platform of the GPU platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform of the platform Decentralized data platform platform. Other chips, including FET, SEI and GRT lost 2%.
Nvidia’s short dates sales options saw a remarkable activity on Monday, according to data tracked by convex value. The action was concentrated on the strike options of $ 100 on April 17, April 25 and May 2. In addition, there was activity in the $ 60 post that expired on April 17 and the $ 50 and $ 85 expiring strike on May 16.
Convex value called the activity in these so -called sale options out of money on strikes below the unusual $ 110 spot price based in Santa Clara, California, of $ 110. “My bet would be [these are] Plays Protective, “said an analyst from the platform to Coindesk.
Buying a sales option is similar to buying insurance against market slides. Operators generally get them when they seek to benefit or cover their points/futures bets of a possible market decrease.
“Someone knows something,” Merlin Capital published in X.
