A trader invested $2.36 million to buy 660 BTC, along with 120,000 call options and 80,000 put options.

DeepFlowTech · 2026-01-07T14:51:49+00:00

A trader invested $2.36 million in the Deribit exchange, using the "Heaven and Earth" options strategy, purchasing 660 BTC call options with a strike price of $120,000 and 660 BTC put options with a strike price of $80,000, expecting Bitcoin's price to fluctuate significantly by the end of March.

DeepFlowTech

2026-01-07 14:51:49

Abstract generation in progress

Deep Tide TechFlow News, January 7th, according to on-chain analyst Ai姨 (@ai 9684xtpa) monitoring, a trader has set up a large “Heaven and Earth” options strategy on Deribit exchange, betting approximately $2.36 million that Bitcoin’s price will experience significant volatility by the end of March.

The trader also purchased 660 BTC call options with a strike price of $120,000 (costing about $860,000) and 660 BTC put options with a strike price of $80,000 (costing about $1.5 million), all expiring on March 27, 2026. This strategy indicates that the trader expects BTC’s price to potentially move up by nearly $28,000 or down by $12,000.

One trader invested $2.36 million to buy 660 BTC call options at $120,000 and put options at $80,000.

BTC-0,35%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.