Single $20M BTC options trade... betting on a small pullback before April
Adam, a macro researcher at crypto options specialist Greeks.live, tweeted on X (formerly Twitter), "We've been seeing a lot of large options trades lately. A $20 million BTC butterfly spread trade just happened. Butterfly spread trades are a common strategy used by traders when the direction of...
Adam, a macro researcher at crypto options specialist Greeks.live, tweeted on X (formerly Twitter), "We've been seeing a lot of large options trades lately. A $20 million BTC butterfly spread trade just happened. Butterfly spread trades are a common strategy used by traders when the direction of the market is unclear and volatility is expected to decrease. The trader was betting on a slight decline in bitcoin before March 29, with a maximum profit point of $47,000. The trader could also take some losses if bitcoin is below $44,000 or above $49,800."
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