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ZEC $498.81 -4.98%
BTC $62,484.54 -1.34%
ETH $1,780.70 -1.50%
BNB $569.19 -0.46%
XRP $1.06 -1.43%
SOL $75.04 -1.87%
TRX $0.3241 -2.16%
DOGE $0.0718 -1.29%
ADA $0.1574 -1.77%
BCH $232.60 -2.71%
LINK $7.92 -0.92%
HYPE $63.23 -5.63%
AAVE $95.56 -0.62%
SUI $0.7228 -1.09%
XLM $0.1792 -2.65%
ZEC $498.81 -4.98%

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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