CoinWorld News: According to on-chain analyst Ai姨 (@ai 9684xtpa)'s monitoring, a trader has deployed a large-scale "strangle" options strategy on the Deribit exchange, investing approximately $2.36 million to bet on significant Bitcoin price volatility by the end of March. The trader simultaneously purchased 660 BTC call options with a strike price of $120,000 (costing approximately $860,000) and 660 BTC put options with a strike price of $80,000 (costing approximately $1.50 million), all set to expire on March 27, 2026. This strategy indicates the trader expects BTC price could potentially move upward by nearly $28,000 or downward by $12,000.
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CoinWorld News: According to on-chain analyst Ai姨 (@ai 9684xtpa)'s monitoring, a trader has deployed a large-scale "strangle" options strategy on the Deribit exchange, investing approximately $2.36 million to bet on significant Bitcoin price volatility by the end of March. The trader simultaneously purchased 660 BTC call options with a strike price of $120,000 (costing approximately $860,000) and 660 BTC put options with a strike price of $80,000 (costing approximately $1.50 million), all set to expire on March 27, 2026. This strategy indicates the trader expects BTC price could potentially move upward by nearly $28,000 or downward by $12,000.