Deribit’s BTC block options sold 65,000 call and put options at the end of September
Deribit's Asia-Pacific business leader, Lin Chen, posted on X platform that today's largest BTC bulk options: a user sold 300 BTC in total for call and put options with a strike price of 65,000 USD at the end of September, earning a premium of 3.408 million USD. By shorting volatility, the profit range is between 55,000 USD and 78,000 USD, with a coin-based return of 16.45%. It is estimated that the user believes that the price will fluctuate in this range before the interest rate cut in September, and it will not fall before the cut. However, at least in the short term, there are no new events in the market to push the big market again.
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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