Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
On Deribit, large-scale Bitcoin options are purchased for a bullish option of $60,000 at the end of September and a bullish option of $70,000 is sold at the end of September

On Deribit, large-scale Bitcoin options are purchased for a bullish option of $60,000 at the end of September and a bullish option of $70,000 is sold at the end of September

Bitget2024/08/29 02:57

PANews reported on August 29 that a Deribit staff member posted on platform X, stating that today's largest BTC bulk option is: an investor bought bullish options for $60,000 at the end of September and sold bullish options for $70,000 at the end of September, totaling 476 BTCs and paying a premium of $904,000. The investor used a bull market price difference strategy to reduce costs and increase leverage. As long as the price exceeds $63,000 (break-even point) at maturity time, they will make a profit.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!