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Author Topic: [2024-02-06] Major Bitcoin Options Trade Hints at Upcoming Market Swings  (Read 96 times)
CoinTürk (OP)
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February 06, 2024, 10:49:14 AM
 #1

A noteworthy transaction in the Bitcoin options market has sparked discussions of impending volatility for the cryptocurrency. An investor recently engaged in a large block trade involving 1,500 sets of February call options coupled with an equal number of April put options. This move was orchestrated during Bitcoin’s consistent trading range between $43,000 and $42,000. The total value of the portfolio involved in the trade amounts to a substantial $260 million and accounted for over 30% of the daily trading volume.

Read the full article here: https://en.bitcoinhaber.net/major-bitcoin-options-trade-hints-at-upcoming-market-swings
Saint-loup
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March 09, 2024, 09:43:37 PM
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A noteworthy transaction in the Bitcoin options market has sparked discussions of impending volatility for the cryptocurrency. An investor recently engaged in a large block trade involving 1,500 sets of February call options coupled with an equal number of April put options. This move was orchestrated during Bitcoin’s consistent trading range between $43,000 and $42,000. The total value of the portfolio involved in the trade amounts to a substantial $260 million and accounted for over 30% of the daily trading volume.

Read the full article here: https://en.bitcoinhaber.net/major-bitcoin-options-trade-hints-at-upcoming-market-swings
The fact this investor bought an equal number of put options for the next month, that's to say 1500 for April fuels speculations about a large dip right after or right before the Halving happening next month(around 18th April). It seems big whales are already anticipating it and are not planning to hodl their Bitcoins. So I think we shouldn't expect this bull run to continue during several months now.

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