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Today’s largest BTC options block on Deribit buys end-April $70,000 calls and sells $90,000 calls

Today’s largest BTC options block on Deribit buys end-April $70,000 calls and sells $90,000 calls

CointimeCointime2024/03/12 08:17
By:Cointime

Deribit's Asia-Pacific business director, Lin Chen, posted on X platform today that the largest BTC option bulk is a bull market price difference. A large account paid $3.618 million to buy 525 BTC call options with a strike price of $70,000 expiring at the end of April, while selling $90,000 call options. This means that they speculate that BTC can soar to nearly $90,000 before the end of April.

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