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A trader invested $2.36 million to buy 660 BTC, along with 120,000 call options and 80,000 put options.
Deep Tide TechFlow News, January 7th, according to on-chain analyst Ai姨 (@ai 9684xtpa) monitoring, a trader has set up a large “Heaven and Earth” options strategy on Deribit exchange, betting approximately $2.36 million that Bitcoin’s price will experience significant volatility by the end of March.
The trader also purchased 660 BTC call options with a strike price of $120,000 (costing about $860,000) and 660 BTC put options with a strike price of $80,000 (costing about $1.5 million), all expiring on March 27, 2026. This strategy indicates that the trader expects BTC’s price to potentially move up by nearly $28,000 or down by $12,000.
One trader invested $2.36 million to buy 660 BTC call options at $120,000 and put options at $80,000.