Deribit Block Options: A user bets that BTC will decline in January and rise above $90,000 in February
According to ChainCatcher, market sources report that today’s largest BTC block options trade involved a user buying put options for $90,000 expiring at the end of January and selling put options for $90,000 expiring at the end of February, with 375 BTC on each side. This user is betting that BTC will decline by the end of January and rebound above $90,000 by February.
Currently, most of the bullish news in the market has been priced in. Some users are betting on a decline due to the risk of being removed from the index components for Strategy in early January, but there is also clear optimism for a market recovery after February.
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.
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