TechFlow News, January 7th: According to on-chain analyst AiYi (@ai 9684xtpa), a trader has deployed a large-scale "Heaven and Earth" options strategy on the Deribit exchange, investing approximately $2.36 million to bet on significant volatility in Bitcoin's price by the end of March.
The trader simultaneously purchased 660 BTC call options with a strike price of $120,000 (costing about $860,000) and 660 BTC put options with a strike price of $80,000 (costing about $1.5 million), all set to expire on March 27, 2026. This strategy indicates the trader's expectation that BTC's price could fluctuate upward by nearly $28,000 or downward by $12,000.
A trader invested $2.36 million to purchase 660 BTC $120,000 call options and $80,000 put options.
