Most of the money in Bitcoin options over the 24 hours to Nov 9 never touched the order book. Block trades, deals negotiated privately and then reported to the venue, carried 63% of recorded premium across 17,821 trades.
The biggest tickets of the last 48 hours clustered at the $70,000 and $72,000 strikes on $BTC . One trader sold a $3.7M block of Mar 26 $70,000 puts. On the other side, buyers took $3.2M of Dec 25 $72,000 puts and $2.7M of Mar 26 $72,000 puts. A put pays if price settles below its strike.
Across the whole day, buyers spent $4.3M on calls and $3.5M on puts.
Since 2021, days in this very low band saw a median -0.2% BTC move over the next 7d (n=406, base +0.1%, 5y of records). History, not a forecast.
The biggest tickets of the last 48 hours clustered at the $70,000 and $72,000 strikes on $BTC . One trader sold a $3.7M block of Mar 26 $70,000 puts. On the other side, buyers took $3.2M of Dec 25 $72,000 puts and $2.7M of Mar 26 $72,000 puts. A put pays if price settles below its strike.
Across the whole day, buyers spent $4.3M on calls and $3.5M on puts.
Since 2021, days in this very low band saw a median -0.2% BTC move over the next 7d (n=406, base +0.1%, 5y of records). History, not a forecast.
