TechFlow news, Lin Chen, Head of APAC Business at Deribit, said that in today's largest Bitcoin block options trade, an investor bought year-end call options at $62,000 and simultaneously sold year-end call options at $100,000, totaling 400 BTC, paying a premium of $2.334 million.
This move indicates the investor is bullish in the long term, reducing cost and increasing leverage through a combination of buying and selling, with profits realized if the price exceeds $69,300 at expiry.




