Odaily Planet Daily News According to Greeks.live analyst Adam, today, the largest crypto option transaction in history has occurred, with a total nominal value of up to $1.19 billion, worth 11,350 BTC, and a premium of up to $7.5 million.
This group of large transactions consists of two parts, one is 3,800 groups of bull market spreads in September, while going long on medium- and long-term volatility and prices, and the other is selling June at-the-money call options, which can form a calendar spread with September purchases, killing two birds with one stone, representing a lack of optimism in the short term.
In short, this nearly $1.2 billion option block believes that there will be no increase in June, but there may be a significant market in the third quarter, even up to 50%.
The market lacks funds and hot spots recently, but in the long run, various positive factors are still being released, which is consistent with the recent mainstream market thinking.