TechFlow reports on November 8 that Lin Chen, Head of APAC Business at Deribit, said a user purchased a call option for $90,000 in late June next year and simultaneously sold a call option at $120,000 for the same period, totaling 326 BTC, paying $1.808 million. Through this bull call spread strategy, the user reduced costs and amplified leverage, becoming profitable as long as the price exceeds $97,000 at expiry. Last night, the Federal Reserve announced another 25 basis point rate cut. With these positive factors combining, BTC has now surged above $76,000, lifting market sentiment significantly.
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