How come it is obviously bullish? Only Bitcoin has risen a little, but other altcoins are still dead? ! Even the halved price of the previous high has not returned!
Deribit's block trade today: Powell's speech basically confirmed the start of the interest rate cut cycle, and the market sentiment is obviously bullish
On August 24, the block trade data released by Deribit officials on social media showed that a user bought a Bitcoin call option of $80,000 at the end of the year and sold a call option of $120,000 at the end of the year, totaling 525 BTC, and paid a premium of $1.844 million. Officials explained that the operation was bullish, and through the bull spread strategy, the cost (leverage) was reduced to go long. After Powell's speech last night, the start of the interest rate cut cycle was basically confirmed, and market sentiment once again drove the price up.
On ETH block trading, a user bought a call option of $2,600 at the end of the year for ETH today, and sold a call option of $3,600 at the end of the year, totaling 12,750 ETH, earning $3.712 million. Officials explained that the operation was bullish, and as the interest rate cut cycle was confirmed, investor sentiment was clearly bullish.
