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TechFlow news, November 26 — Lin Chen, Head of APAC Business at Deribit, posted on X stating that today's largest Bitcoin (BTC) block options trade was a user paying $11.649 million to purchase 700 BTC worth of call options with a strike price of $82,000 expiring at the end of this month (this Friday). This is a spot-long position using 6.7x leverage, which becomes profitable if the price exceeds $99,000 at expiry.
Lin Chen, Head of APAC Business at Deribit, posted on X stating that today's largest Bitcoin (BTC) block options trade was: a user paid $11.649 million to purchase 700 BTC worth of call options expiring at the end of November (this Friday) with a strike price of $82,000. This is a spot bullish bet using 6.7x leverage, and the trade becomes profitable if the price exceeds $99,000 at expiry.
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