$BTC
Deribit surprisingly saw a huge amount of $BTC option transactions!
Will the year-end bullish bet come true?
Lin Chen, the Asia-Pacific business leader of Deribit, revealed today: an unprecedented BTC bulk option transaction has just ended!
The focus of the transaction is that a mysterious user spent a lot of money to sell 95,000 call options expiring at the end of the year, with a total of 150 BTC! This move instantly attracted 1.037 million US dollars, and the market was shocked!
In-depth analysis, the profit logic of this transaction is clear: if the BTC delivery price is lower than 102,000 at the end of the year, the user can sit back and enjoy the rich return of 7.05% of the currency standard! What is even more astonishing is that the annualized rate of return is as high as 83%!
Such attractive profit expectations have undoubtedly ignited the infinite imagination of market investors.
However, this trading strategy is also accompanied by considerable risks. Once the BTC price rises sharply before the end of the year and exceeds the delivery price of 102,000, the user will face huge losses. Therefore, this kind of transaction is more suitable for investors who have a more accurate judgment of the BTC price trend and can bear potential risks.
For the entire cryptocurrency market, the emergence of this large-scale option transaction reflects investors' diverse expectations for the future trend of BTC. Some people are bullish, some are bearish, and the market's long and short interweaving makes BTC's price fluctuations more complex and changeable.
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