According to Odaily Planet Daily, Greeks.live analyst Adam stated that today saw the largest block trade in crypto options in history, with a total nominal value reaching $1.19 billion, valued at 11,350 BTC, with a premium of $7.5 million.
This block trade is divided into two parts: one is the 3,800 bullish spreads in September, which bet on long-term volatility and price; the other is selling the June at-the-money call options, forming a calendar spread with the September buy.
This nearly $1.2 billion options block trade expects limited gains in June, while there may be significant movements in the third quarter, potentially up to a 50% increase. Despite a lack of funds and hot spots in the market, long-term bullish sentiment is still being released, consistent with mainstream market views.
