Bitcoin Large Option Buying

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Deribit bulk options data: A user bought $65,000 in call and put options at the end of August, a total of 463 BTC

Today’s largest BTC option transaction, a user purchased 65,000 call options and put options at the end of August, a total of 463 BTC, and paid a premium of 4.587 million US dollars.It said that the user was long volatility and expected that before the end of August, the market would fluctuate greatly due to the speculation of interest rate cuts, and the price would be less than 56,000 or greater than 77,000, which would be profitable.

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