Two block trades of almost the same size topped Bitcoin's options flow over the past 48 hours. One sold a $200,000 put expiring Mar 26, 2027 for $21.4M in premium, and another bought a $190,000 put on the same date for $20.6M. A put pays if price ends below its strike.
In the last 24 hours, buyers paid $9.1M for calls, which gain if price rises, against $7.4M for puts. Block trades, negotiated off the order book, carried 54% of all premium dollars across 22,303 recorded trades.
The largest call was a $4.5M block buy of the $86,000 strike for Dec 25.
Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=399, base +0.2%, 5y of records). History, not a forecast.
In the last 24 hours, buyers paid $9.1M for calls, which gain if price rises, against $7.4M for puts. Block trades, negotiated off the order book, carried 54% of all premium dollars across 22,303 recorded trades.
The largest call was a $4.5M block buy of the $86,000 strike for Dec 25.
Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=399, base +0.2%, 5y of records). History, not a forecast.