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BTC $78,515.74 -0.78%
ETH $2,489.84 -0.10%
BNB $752.45 +1.59%
XRP $1.43 +2.14%
SOL $103.78 -0.38%
TRX $0.3389 +1.45%
DOGE $0.0900 -0.31%
ADA $0.2237 +1.01%
BCH $257.43 -1.24%
LINK $12.68 -2.08%
HYPE $83.88 -1.61%
AAVE $129.11 -2.57%
SUI $0.8205 +0.19%
XLM $0.1902 -0.80%
ZEC $1,177.18 +0.87%

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).

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