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BTC $76,538.62 -0.76%
ETH $2,287.08 -0.54%
BNB $624.16 -0.33%
XRP $1.38 -1.09%
SOL $84.07 -0.46%
TRX $0.3219 -0.80%
DOGE $0.0997 +0.67%
ADA $0.2471 -0.29%
BCH $452.01 +0.63%
LINK $9.24 -0.69%
HYPE $40.15 -3.27%
AAVE $96.57 -0.69%
SUI $0.9234 -1.08%
XLM $0.1621 -1.97%
ZEC $336.63 -4.69%

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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