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TechFlow news, on February 21, Lin Chen, Head of APAC Business at Deribit, disclosed that a large Bitcoin options trade was executed on the Deribit exchange.
An investor paid a premium of $1.861 million to purchase a call option for 250 bitcoins with a strike price of $100,000, expiring at the end of April. The trade will become profitable if Bitcoin's price exceeds $108,000 at expiration. Currently, Bitcoin is trading around $98,000.
According to Lin Chen, Head of APAC Business at Deribit, a large Bitcoin options trade was executed on the Deribit exchange. An investor paid a premium of $1.861 million to purchase a call option with a notional amount of 250 BTC and a strike price of $100,000, expiring by the end of April. The trade will become profitable if Bitcoin's price exceeds $108,000 at expiration. Currently, Bitcoin is trading around $98,000.
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