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ETH $1,903.77 +1.35%
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SOL $75.77 +0.53%
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SUI $0.6782 +0.44%
XLM $0.1583 +0.95%
ZEC $512.86 +5.42%
BTC $63,513.00 +0.83%
ETH $1,903.77 +1.35%
BNB $605.41 +0.09%
XRP $1.00 +0.45%
SOL $75.77 +0.53%
TRX $0.3325 +0.43%
DOGE $0.0702 +0.77%
ADA $0.1766 -0.07%
BCH $205.33 +0.95%
LINK $9.47 +1.44%
HYPE $59.27 +3.80%
AAVE $86.22 +0.42%
SUI $0.6782 +0.44%
XLM $0.1583 +0.95%
ZEC $512.86 +5.42%

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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