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

BTC

BTC/USDT

$64,162.08

-1.76%

$64,162.08

-1.76%

(24s)

24h Volume

$13,954,619,741.16

24h H/L

$65,808.59 / $63,739.75

Change: $2,068.84 (3.25%)

Long/Short

66.2%

Long: 66.2%Short: 33.8%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,099.00

▼ -0.06%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,407.28

Resistance 1$64,272.25

Price$64,099.00

Support 1$63,234.08

Support 2$61,824.97

Support 3$57,800.19

Pivot (PP):$64,562.78

Trend:Uptrend

RSI (14):49.4

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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