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BTC $78,454.73 -0.70%
ETH $2,484.55 +0.04%
BNB $752.45 +1.87%
XRP $1.42 +1.75%
SOL $103.42 -0.22%
TRX $0.3389 +1.42%
DOGE $0.0900 -0.56%
ADA $0.2200 +0.11%
BCH $258.51 +0.14%
LINK $12.53 -1.56%
HYPE $84.99 -0.18%
AAVE $128.87 -2.26%
SUI $0.8115 -0.45%
XLM $0.1879 -2.73%
ZEC $1,180.18 +3.95%

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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