$BTC
GreeksLive, a cryptocurrency options analysis firm, reported that the largest block options trade in Bitcoin history has just occurred, with a notional value of \$1.19 billion. The position involved 11,350 BTC, with just \$7.5 million paid in premiums.
The transaction was structured in two parts:
* A **bullish September spread** involving 3,800 contracts, signaling long-term expectations of rising price and volatility.
* A **June at-the-money call option sale**, forming a calendar spread that suggests limited short-term bullish sentiment.
GreeksLive noted:
"This \$1.2 billion block trade implies capped upside for June, but potential for a 50% rally in Q3."
BTC currently trades about 7% below its all-time high of \$111,970.
