Large purchases of BTC options on Deribit at the end of May for $80,000 call options, and selling off at the end of September for $90,000 call options
Deribit's Head of Asia Pacific Business, Lin, posted on platform X stating that today's largest BTC options bulk: someone earned a premium of 7.94 million USD, buying bullish options with an exercise price of 80,000 USD due at the end of May + selling bullish options with an exercise price of 90,000 USD due at the end of September, totaling 1875 BTC. This transaction is very magical; if it can be held until delivery, it will be a 100% profit. However, if BTC starts to rise in early June, there will be a period of floating loss before making a profit.
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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