Odaily Planet Daily News Greeks.live macro researcher Adam disclosed on the $1.65 million. This transaction is slightly lower than the purchase price and is an active new position. Judging from the transaction characteristics, this may be a covered option strategy. Despite the current low implied volatility (IV), large investors chose to sell $50,000 call options with strike prices more than 15% above current levels, indicating that large investors are pessimistic about the market situation before Bitcoin’s halving. This transaction shows that the intensity of gaming on the Bitcoin halving event has increased significantly recently.