Don't forget to support us 😘 💵 to transmit more news, God willing
According to BlockBeats, on June 21, a user paid $3.617 million to sell 65,000 Bitcoin (BTC) bull options at the end of June, while simultaneously purchasing 100,000 bull options at the end of March next year, for a total of 250 BTC.
The official explained that this type of operation is a popular strategy recently, as it is bearish in the short term and bullish in the long term. The user uses the premium obtained from selling options to reduce the cost of buying long-term options, making some hedges to reduce risk.
