Today's Bitcoin options trading volume surged to nearly 30% of total market activity, driven by a significant iron condor strategy set to expire tomorrow. This large-scale trade, with a notional value exceeding 7,000 BTC, bets on Bitcoin surpassing $68,000. Such concentrated large trades are rare in recent market conditions, indicating a bold move with limited premium usage but a strong directional view within a 20-hour expiry window.
Bitcoin Options Surge with 7,000 BTC Bet on $68,000 Break
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