Today, the largest crypto options exchange in the world, Deribit Bitcoin (BTC) $63,729 One of the option transactions was carried out. An investor earned a premium income of $1 million 61 thousand by selling a $60 thousand put option that will expire at the end of the year. This transaction corresponds to a total of 200 BTC. In current market conditions, such transactions have attracted great interest as they reflect investors’ market expectations.
Details of the Investor’s Trade and Market Expectations
The transaction was made at a time when the market was gradually digesting the effects of recent negative news and the price of the largest cryptocurrency was returning above the $64,000 level.
If the price of Bitcoin remains above $60,000 by the end of the year, the investor will earn a premium income and will be able to earn 7.35 percent in BTC. This means an annual gain of 28.2 percent. However, if the price falls below $60,000, the investor will agree to buy BTC at $60,000.
Deribit This type of large-scale option trading on the platform is considered an important indicator for investors to understand future price expectations and strategies. The transaction shows that the user does not expect the market to fall further from current levels and thinks prices will remain stable. The fact that the market has digested the recent negative news flow and prices have risen again supports the accuracy of this strategy.
In addition, such transactions also reveal that investors are willing to take risks at certain price levels and how they plan to protect themselves against future price movements. If the price of Bitcoin falls below $60,000, the investor will be able to buy at the specified price. BTC It aims to increase its position at lower costs in the long term.
The Impact of Options Trading on the Market
Large-scale options transactions can have a significant impact on overall market movements. In particular, the fact that a large number of options will expire near certain price levels draws investors’ attention to these levels. This transaction also shows that the $60,000 level can be seen as an important support point until the end of the year.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
