User Earns $1.479M in Largest BTC Block Option Trade on Deribit, Bets on Bitcoin Hitting $90K by Year-End

BTC

BTC/USDT

$84,636.00

+0.69%

$84,636.00

+0.69%

(24s)

24h Volume

$8,571,158,480.48

24h H/L

$85,159.03 / $83,838.00

Change: $1,321.03 (1.58%)

Long/Short

56.0%

Long: 56.0%Short: 44.0%

Funding Rate

+0.0023%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,771.40

▲ 0.40%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$95,445.64

Resistance 1$85,940.63

Price$84,771.40

Support 1$84,084.30

Support 2$81,445.20

Support 3$77,072.00

Pivot (PP):$84,234.89

Trend:Uptrend

RSI (14):65.8

COINOTAG news reported on September 28, based on block trading data from Deribit. The platform’s largest BTC block option trade today had a user netting $1.479 million. This investor purchased a $90,000 Bitcoin call option set to expire at year’s end and sold a $62,000 put option for the same timeframe. This transaction involved a total of 488 BTC. According to Deribit officials, the strategy illustrates a long-term bullish stance, anticipating a significant Bitcoin price increase by the end of the year. For this trade to be profitable, Bitcoin must surpass the $60,000 level at delivery.