Data: A user purchased year-end call options for 100,000
According to the bulk trading data released today by Deribit officials, a user purchased 100,000 call options for the end of the year, totaling 1250 BTC and paid a premium of $4.737 million. The official explained that they are long-term bullish and believe that interest rate cuts and elections by the end of the year will significantly boost 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.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Trending news
MoreCrypto prices
More
