On Deribit, large volumes of BTC options are being sold at $70,000 and $72,000 call options by the end of the year and buying into $90,000 call options
Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that today's two large BTC options trades were: a user sold call options at $70,000 and $72,000 by the end of the year for a total of 720 BTCs, earning an option premium of $1.5 million; while buying call options at $90,000 by the end of the year for a total of 600 BTCs with an expenditure of $447k in option premiums.
In addition, another user sold call options at $72,000 by the end of the year totaling 400 BTCs while buying call options at $92,000 totaling 400 BTCs.
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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