Three negotiated trades bought the same Bitcoin contract over the past two days: $78,000 calls expiring Nov 7, which pay if $BTC finishes above that price at expiry. They cost $861.3K, $860.7K and $791.0K, the three largest single trades we recorded in that window.
Block trades, arranged off the order book and then reported to the venue, carried 53% of all premium dollars in the 24 hours to Nov 4, across 25,599 recorded trades.
Buyers spent $10.0M on calls against $8.6M on puts, the contracts that pay on a fall, so bets on a higher price drew the larger amount.
Since 2021, days in this very low band saw a median -0.2% BTC move over the next 7d (n=404, base +0.1%, 5y of records). History, not a forecast.
Block trades, arranged off the order book and then reported to the venue, carried 53% of all premium dollars in the 24 hours to Nov 4, across 25,599 recorded trades.
Buyers spent $10.0M on calls against $8.6M on puts, the contracts that pay on a fall, so bets on a higher price drew the larger amount.
Since 2021, days in this very low band saw a median -0.2% BTC move over the next 7d (n=404, base +0.1%, 5y of records). History, not a forecast.
