Analyst: Today saw the largest ever large transaction in cryptocurrency options, with a total nominal value of $1.19 billion

According to Hash Rate News, analyst Adam pointed out that today the cryptocurrency options market saw a record large transaction, with a total nominal value of $1.19 billion, equivalent to 11,350 BTC, with premiums paid reaching $7.5 million. This large transaction is divided into two parts: one is 3,800 call options for September, while simultaneously trading long-term volatility and price; the other is selling June at-the-money call options, which can be combined with the September purchase calendar spread, indicating a bearish outlook on the short-term market. In short, this nearly $1.2 billion options trade believes that there will not be a significant rise in June, while the third quarter may see a significant market trend, potentially up to a 50% increase. Recently, market funds and hotspots have been scarce, but in the long run, various positive factors are continuously being released, which is also in line with the recent mainstream thoughts in the market.