#BTC Options Block Trades on Deribit#
Hot Topic Overview
Overview
Large-scale BTC options trading has recently emerged on Deribit, with the largest transaction being a user selling put options expiring at the end of March at $105,000, and call options expiring at the same time at $110,000, totaling 137.5 BTC on one side, generating $2,362,000 in revenue. The user shorted volatility through this operation, with a profit range of $88,000 to $134,000, and a coin-based return of 17.55% (annualized at approximately 97.1%). The user believes that with the digestion of favorable news following Trump's inauguration, the market will gradually calm down, with the current price of Bitcoin fluctuating around $105,000. In addition, large-scale options trading has also emerged in ETH recently. A user paid $310,000 to purchase call options expiring at the end of January at $3,300, totaling 2,000 ETH, going long on ETH. The current market is still in a FOMO state, with the DVOL volatility index remaining at a high level of 70.85, and the greed index at 84 (extremely greedy). The ETH/BTC exchange rate continues to decline to 0.0314.
Ace Hot Topic Analysis
Analysis
Large-scale BTC options trades have recently emerged on Deribit, with the most notable being a user selling 137.5 BTC worth of put options at $105,000 and call options at $110,000, both expiring at the end of March, generating $2.362 million in revenue. This trade is interpreted as a short volatility strategy, with the user expecting the market to cool down as the positive news surrounding Trump's inauguration dissipates, and the current price to fluctuate around $105,000.Meanwhile, large-scale ETH options trades have also appeared in the market. One user paid $310,000 for 2,000 ETH worth of call options expiring at the end of January at $3,300, considered a bullish move, with the user expecting the price of ETH to continue to rise. Furthermore, there have been numerous trades selling call options, such as selling BTC call options expiring at the end of March at $150,000, and ETH call options expiring at the end of March at $4,800. These traders are hoping to profit by collecting premiums and anticipate the expiry price to be lower than the strike price.Overall, there is a divergence of opinion in the market about the future direction of BTC and ETH. Some believe the market will cool down gradually, while others believe the price will continue to rise.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit BTC option large trades show a decline in market expectations for volatility, with traders taking profit by selling puts and calls, betting that the market will stabilize.
Traders take premiums by selling call options and hope that the price will remain below the strike price before the option expires, thus making a profit.
Market sentiment remains bullish, but some traders are starting to take a cautious approach and are hedging their risk by selling options.
Large ETH option trades show a bullish outlook on ETH price, with traders buying calls to bet on ETH price increases.