A user purchased 100,000 call options at the end of the year
Deribit officials released today's bulk trading data, which showed that a user purchased 100,000 bullish options at the end of the year, totaling 1,250 BTC and paying a premium of $4.737 million. Officials explained that the user is bullish in the long term and believes that interest rate cuts and elections at the end of the year will significantly push up BTC prices.
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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