BlockBeats news, June 5th, Greeks.Live analyst Adam posted on social media stating, 'Today, the largest single transaction in cryptocurrency options history occurred, with a total notional value of up to 1.19 billion dollars, worth 11,350 BTC, with a premium of up to 7.5 million dollars.'

'This large transaction consists of two parts, one part being a bullish spread for September, while going long on mid to long-term volatility and price, and the other part being the sale of June at-the-money call options. The second part can be combined with the September purchase to form a calendar spread, indicating a bearish outlook on short-term market performance. This nearly 1.2 billion dollar options transaction suggests limited gains in June, while there may be significant market movements in the third quarter, potentially reaching a 50% increase. Recently, the market has been lacking in funds and hotspots, but from a long-term perspective, various positives are still being released, which is also consistent with recent mainstream market thoughts.'