On Deribit, large-scale BTC options are bought for bullish options at $74,000 by the end of June, and bullish options at $80,000 are sold
Deribit's Asia-Pacific Business Head, Lin Chen, posted on platform X stating that today's largest BTC bulk options trade: someone bought a call option for $74,000 due at the end of June while simultaneously selling a call option for $80,000. A total of 1112.5 BTC was traded with a payment of $1.809 million.
According to his analysis, if the price exceeds $75,600 by the end of June when it matures then there will be profit; this is likely betting on weak economic data to be released including next week's FOMC meeting which may increase expectations for interest rate cuts and push up BTC prices.
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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