Greeks.Live: Today Sees Largest Ever Crypto Options Trade, Betting on Strong Q3 Market Performance

BlockBeats News, June 5th, Greek.Live analyst Adam posted on social media today, stating, "Today saw the largest single options trade in history, with a total notional value of up to $1.19 billion, equivalent to 11,350 BTC, and a premium as high as $7.5 million."

"This large trade consists of two parts, one part being a September bull market spread, simultaneously longing medium-term volatility and price, and the other part being a sale of June at-the-money call options. The second part can be combined with the September buy to form a calendar spread, indicating a lack of optimism for short-term market performance. This nearly $1.2 billion options trade believes that the June price increase will be limited, while there may be a significant rally in the third quarter, potentially up to 50%. The recent market has been lacking funds and hotspots, but in the long term, various bullish factors are still continuously emerging, aligning with the prevailing market sentiment."