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TechFlow news, March 4 — According to Lin, Head of APAC Business at Deribit, the Bitcoin options market saw a significant trade today: a trader purchased 200 BTC worth of put options with a strike price of $85,000 expiring at the end of April, paying a premium of $1.239 million. The trade becomes profitable if the price is below $81,000 (break-even point) at expiry.
According to Lin, Head of APAC Business at Deribit, the Bitcoin options market saw a significant trade today: a trader purchased 200 BTC worth of put options at a strike price of $85,000 for end-April, paying a premium of $1.239 million. The trade becomes profitable if the price is below $81,000 (the breakeven point) at expiration.
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