A whale bought $1.02 million worth of Bitcoin put options with an exercise price of $41,000 at the end of February.
Deribit's Asia-Pacific business leader Lin Chen wrote on X platform that a whale on Deribit spent $1.02 million to buy put options for Bitcoin at the end of February with a strike price of $41,000, and sold put options for $36,000 at the end of February. This operation may suggest that the whale believes "the market will continue to fall in the near future, but will not drop below $36,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin rally above short-term holder metric has traders calling for new BTC price highs
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
Trending news
MoreCrypto prices
More
