Today's Deribit bulk options: A user paid 2.158 million USD to simultaneously buy BTC year-end call and put options, going long on volatility
According to information released by Lin Chen, the head of Asia-Pacific business at Deribit, traders paid a premium of $2.158 million to go long on volatility, while simultaneously buying a combination of bearish and bullish Bitcoin options that expire at the end of the year, with 50 Bitcoins on each side. If the price of BTC is below $76,000 or above $196,000 at settlement time, they can make 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.
You may also like
Data: If ETH falls below $2,998, the cumulative long liquidation intensity on major CEXs will reach $1.376 billions
Data: If BTC breaks $96,913, the total short liquidation intensity on major CEXs will reach $1.952 billions.
Traders hedge the risk of multiple Fed rate cuts through mid-2026 using SOFR options
Trending news
MoreCrypto prices
More
