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BTC $77,051.37 -0.03%
ETH $2,133.59 +0.95%
BNB $645.46 +0.03%
XRP $1.39 -0.21%
SOL $85.48 +0.31%
TRX $0.3553 +0.29%
DOGE $0.1048 -1.55%
ADA $0.2519 +0.22%
BCH $378.50 -6.08%
LINK $9.64 +1.36%
HYPE $47.96 +2.49%
AAVE $89.60 +0.80%
SUI $1.06 +2.20%
XLM $0.1474 -1.38%
ZEC $565.29 +7.24%

Deribit large trades today: A user is using a bull spread strategy to reduce costs and increase leverage

2024-08-29 11:03:20
Collection

ChainCatcher news, according to data released by Deribit officials on social media, a user today purchased Bitcoin call options for $60,000 at the end of September and sold call options for $70,000 at the end of September, totaling 476 BTC, paying a premium of $904,000.
Officials explained that this operation is bullish, using a buy-sell bull spread strategy to reduce costs and increase leverage, and will be profitable as long as the price at expiration is greater than $63,000 (the breakeven point).

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