Deribit Options Bulk Data: A user sold year-end call and put options worth $62,000
ChainCatcher news, Lin Chen, Deribit's Head of Business in Asia Pacific, posted on social media that today's largest BTC block option: someone earned a premium of 3.48 million USD by selling year-end (strike price) $62,000 call options + $62,000 put options totaling 187.5 BTC.
According to his analysis, this person is shorting volatility with a profitable price range of $47,500 - $89,000. The coin-based return reaches 8.8%, and the odds of winning are very high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sources: US-Canada Tariff Negotiations Stalemated
XRP sentiment weakens, but on-chain activity reaches highest levels in months
Expert Analyst Examines What the Big Whales Are Doing in Bitcoin Right Now
BUILDon targets its 20-day EMA as short liquidations outpace longs
Crypto prices
More
