TechFlow news, on June 5, according to Adam, macro analyst at Greeks.live, the crypto market witnessed its largest-ever OTC options trade, with a total notional value of $1.19 billion involving 11,350 BTC and a premium as high as $7.5 million.
The trade consists of two parts: one part involves buying September 3800 bull call spreads, betting on medium- to long-term volatility and price increases; the other part involves selling at-the-money June call options, forming a calendar spread strategy. Analysts believe this indicates traders expect limited BTC gains in June but anticipate a significant rally of up to 50% in the third quarter.
Analysts noted that although the market has recently lacked capital and hotspots, long-term positive factors continue to emerge, consistent with the current mainstream market view.
