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

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).