TechFlow news, Lin Chen, Head of APAC at Deribit, said there was a significant options trade in Bitcoin (BTC) today. An investor bought 463 BTC worth of call and put options with a strike price of $65,000 expiring at the end of August, paying a premium of $4.587 million.
This move indicates the investor is betting on increased market volatility. They expect substantial market swings before the end-of-August expiry due to speculation around interest rate cuts. The investor will profit if BTC's price trades below $56,000 or above $77,000 at expiration.




