On Deribit, BTC bulk options sold $70,000 call options for the end of July and bought $70,000 call options for the end of the year
Lin Chen, the head of Deribit Asia Pacific business, stated on X that today's largest BTC block options trade involved a major player selling bullish options for $70,000 at the end of July while simultaneously buying bullish options for $70,000 at the end of the year. A total of 100 BTC were traded with a payment of $883,000.
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