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TechFlow, on May 2, according to Linchen, Head of APAC Business at Deribit, today's largest BTC block options trade was a user purchasing 1,000 BTC worth of call options with a strike price of $115,000 expiring on July 25, paying a premium of $3.89 million.
Linchen interpreted the trade as: the user is bullish on BTC performance over the next two months and is taking a highly leveraged long position on BTC.
According to Linchen, Head of APAC Business at Deribit, today's largest BTC block options trade was a user purchasing 1,000 BTC worth of call options at $115,000 expiring on July 25, paying a premium of $3.89 million. Linchen interpreted this trade as the user being bullish on BTC's performance over the next two months, taking a highly leveraged long position with strong conviction.
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