According to on-chain analyst Ai Yi (@ai_9684xtpa), trader @GreeksLive has sold a total of 2,709 Bitcoin call options with a notional value of approximately $173 million, betting that the price of Bitcoin will not exceed $70,000 before its expiration on September 25. If Bitcoin does not surpass this level at expiration, the trader will receive approximately $3.03 million in premium income, reflecting a relatively limited expectation of a significant price surge over the next 52 days.
Trader Sells $173 Million in Bitcoin Call Options, Bets Price Won't Exceed $70K by September 25
TechFlowShare
Summary
The Bitcoin price prediction for September 25 is at the heart of a $173 million bet by trader @GreeksLive, who sold 2,709 Bitcoin call options with a $70,000 strike price. If Bitcoin’s price remains below that level today, the trader stands to earn $3.03 million in premium income. The trade expires on September 25.
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