Significant Bitcoin Options Trades Highlight Market Activity

According to Odaily, recent large-scale Bitcoin options trades have drawn attention in the market. Lin Chen, Deribit's Asia-Pacific Business Head, shared insights on X about these transactions. A user executed two notable trades involving Bitcoin call options. The first trade involved selling call options with strike prices of $70,000 and $72,000, set to expire at the end of the year. This transaction covered a total of 720 BTC, generating a premium income of $1.5 million. Simultaneously, the same user purchased call options with a strike price of $90,000, also expiring at the end of the year. This purchase involved 600 BTC, with a premium expenditure of $447,000. In another significant transaction, a user sold call options with a $72,000 strike price, covering 400 BTC, while buying call options with a $92,000 strike price, also covering 400 BTC. These trades reflect strategic positioning in the Bitcoin options market, indicating expectations of potential price movements by the end of the year.