According to Odaily Planet Daily, Greeks.live analyst Adam stated that today saw the largest single block trade of crypto options in history, with a total nominal value of $1.19 billion, equivalent to 11,350 BTC, and a premium of $7.5 million.
This large block trade is divided into two parts: the first is a bullish spread of 3,800 contracts in September, taking long positions in medium to long-term volatility and price; the second is selling June at-the-money call options, forming a calendar spread with the September buy.
This nearly $1.2 billion options block trade believes that the June price increase will be limited, while there may be significant market movements in the third quarter, potentially reaching a 50% increase. Despite a lack of capital and hot spots in the market, long-term bullish factors are still being released, in line with mainstream market views.
