Today's largest block trade of BTC options has a notional value of $130 million

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Wu said that according to Greeks live, the largest block trade of BTC options today was a Bear Ratio Diagonal Spread strategy: selling 1,024 BTC at-the-money call options for the month and buying 512 out-of-the-money call options for the next month, with a nominal face value of $130 million. This strategy is typically used to capture volatility differentials and time-value decay. Traders may expect short-term volatility to rise, but the price of Bitcoin will not rise significantly in the near months. In addition, the options market was more active this week, and the market structure adjusted frequently, reflecting the downward trend of institutional position changes and volatility.

BTC-2,67%
LIVE6,68%
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