Data: Short BTC volatility, bullish on ETH
News on May 30th, according to Derbit data, in today's BTC options bulk trading, a user sold bullish and bearish options for June 14th at $68,000, totaling 125.5 BTCs with an income of $664,000 in premiums. This move is to short volatility, believing that the market will continue to fluctuate around the price of $68,000 until June. ETH options bulk trading data shows that a user paid $1.773 million to buy bullish options at the end of June for $4,000 while selling bullish options at the end of June for $5,000 totaling 11 thousand ETHs. This move is bullish and buying bull market spreads to reduce costs.
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.
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