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

BTC

BTC/USDT

$65,898.65

+0.26%

$65,898.65

+0.26%

(24s)

24h Volume

$13,874,455,625.66

24h H/L

$66,992.00 / $65,360.92

Change: $1,631.08 (2.50%)

Long/Short

60.1%

Long: 60.1%Short: 39.9%

Funding Rate

+0.0036%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,850.00

▲ 0.27%

Volume (24h): -

Resistance Levels

Resistance 3$70,950.26

Resistance 2$68,191.60

Resistance 1$66,277.46

Price$65,850.00

Support 1$65,682.15

Support 2$63,954.78

Support 3$62,314.59

Pivot (PP):$65,761.35

Trend:Downtrend

RSI (14):42.7

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.

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