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BTC $74,766.00 -0.21%
ETH $2,330.92 -1.15%
BNB $629.70 +0.92%
XRP $1.43 +1.64%
SOL $88.07 +3.19%
TRX $0.3257 +0.13%
DOGE $0.0974 -0.19%
ADA $0.2546 +1.66%
BCH $450.63 +1.88%
LINK $9.43 +1.30%
HYPE $43.42 -3.73%
AAVE $113.66 +6.01%
SUI $0.9888 +1.26%
XLM $0.1660 +3.66%
ZEC $335.16 -1.78%

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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