In a historic action for the cryptocurrency derivatives market, a single crypto options block trade with an unreal $1.19 billion in notional value was executed today. The trade, which dealt with 11,350 BTC and generated $7.5 million in premiums, is the largest options block trade recorded in the sector. Watching the market, one cannot help but interpret the structure of this trade as an intelligent and strategic signal: short-term muted expectations, couple that with long-term bullish optimism. Trade Composition: A Tale of Two Timeframes The huge options block consisted of two different parts that provide a glimpse into market sentiment.
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