Recently on Deribit, a large amount of BTC options were purchased with a bullish view towards reaching $100,000 by the end of the year, totaling 1500 BTC
The head of Deribit Asia Pacific business, Lin Chen, posted on X stating that the recent largest BTC options trade: a user paid about 8.9 million USD to buy bullish options of 100,000 USD by the end of the year, totaling 1500 BTC.
Analyses pointed out that this means the user continues to be bullish and will profit if the price exceeds 106,000 USD at expiration.
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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