BTC $77,667.82 -2.52%
ETH $2,440.54 -1.79%
BNB $690.43 -2.60%
XRP $1.39 -2.36%
SOL $103.98 -2.68%
TRX $0.3403 +0.45%
DOGE $0.0852 -2.75%
ADA $0.2013 -4.21%
BCH $246.60 -6.68%
LINK $11.38 -3.15%
HYPE $82.04 -1.38%
AAVE $121.25 -3.64%
SUI $0.7411 -2.39%
XLM $0.1785 -2.93%
ZEC $802.58 +1.75%
BTC $77,667.82 -2.52%
ETH $2,440.54 -1.79%
BNB $690.43 -2.60%
XRP $1.39 -2.36%
SOL $103.98 -2.68%
TRX $0.3403 +0.45%
DOGE $0.0852 -2.75%
ADA $0.2013 -4.21%
BCH $246.60 -6.68%
LINK $11.38 -3.15%
HYPE $82.04 -1.38%
AAVE $121.25 -3.64%
SUI $0.7411 -2.39%
XLM $0.1785 -2.93%
ZEC $802.58 +1.75%

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

2024-08-29 11:03:20

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).

app_icon
ChainCatcher Building the Web3 world with innovations.