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Greeks Live Report: $110 million Bitcoin Options Block Trading shows institutional layout of Volatility strategies.
According to the Gate.io News bot, as reported by Greeks live, the largest Bitcoin options trade of the day was 635 sets of put calendar spreads, with a notional value of $110 million. This trade used a typical institutional volatility curve strategy, indicating that the pricing of Bitcoin's short-term volatility is too high, and there is support around $75,000.
Other bulk trades are mainly concentrated on the price spread trading of the week, with a relatively small scale, primarily conducted by market makers for risk exposure adjustment. These trading characteristics reflect the market trading status after the quarterly delivery.