TechFlow news, Greeks.live macro researcher Adam disclosed that a large trader has just actively sold 1,000 call options expiring at the end of April with a strike price of $50,000, representing a notional value of $43 million and generating a premium of $1.65 million.
The trade was executed slightly below the bid price and represents a newly initiated position. Based on its characteristics, this could be a covered call strategy. Despite currently low implied volatility (IV), the fact that the whale chose to sell call options with a strike price over 15% above the current market level indicates a bearish outlook on Bitcoin's performance ahead of the halving event. This transaction suggests a significant increase in positioning around the upcoming Bitcoin halving.
