Massive Bet on Market Turbulence
On January 7, on-chain data revealed a striking options play. As monitored by prominent analyst Ai Aunt (@ai_9684xtpa), an anonymous investor is positioning for extreme Bitcoin volatility by March 27. Rather than betting on direction, this trader has deployed a classic volatility-driven strategy.
The investor built a long straddle on Deribit, acquiring 660 BTC call options at a $120,000 strike and 660 BTC put options at $80,000, with a combined premium outlay of approximately $2.36 million. Both legs expire on March 27, 2025.
- Call leg: 660 BTC @ $120,000 strike, ~$860k cost
- Put leg: 660 BTC @ $80,000 strike, ~$1.5M cost
- Common expiry: March 27, 2025
The Strategy: Profit from Movement, Not Direction
The logic is clear—profit from magnitude, not prediction. If BTC surges above $120K or crashes below $80K by expiry, the position could yield exponential returns. But if prices remain range-bound between those levels, the options may expire worthless, leading to a full loss of premium.
This is less a price forecast and more a macro hedge—potentially reflecting anticipation of regulatory shifts, ETF inflows, or systemic market stress. As March approaches, such moves signal growing institutional readiness for high-impact events in the crypto landscape.