BlockBeats News, January 7th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a trader has bet on a violent swing by the end of March. The trader bought 660 BTC at a price of $120,000 for a call option (worth about $860,000) and 660 BTC at a price of $80,000 for a put option (worth about $1.5 million) on Deribit, all expiring on March 27th this year.The trader employed a pure volatility strategy, betting that the price of BTC would experience a significant fluctuation by the end of March options expiration, allowing for profit in either direction. If, at expiration, the price of BTC remains relatively stable or consolidates between $80,000 and $120,000, the trader will incur a loss, potentially losing the full premium of $2.36 million.

#BTC