Today saw the largest crypto options block to date: 11,350 BTC with a total notional value of $1.19 billion

Golden Finance reported that Adam, a Greeks.live macro researcher, disclosed in an article on the X platform that today there was the largest crypto options block transaction in history, with a total notional face value of $1.19 billion, worth 11,350 BTC, and a premium of $7.5 million alone. This group of bulk is composed of two parts, one is the 3800 group of bull market spreads in September, and at the same time long the volatility and price of medium and long term, and the other part is to sell June at-the-money call options, which can form a calendar spread with September purchases, which means that they are not optimistic about the short term. In simple terms, this nearly $1.2 billion options bulk is based on the belief that there won't be much rise in June, but there could be a significant market movement in the third quarter, potentially reaching a rise of 50%.