A Massive Dual Option Move Emerges
Chain data has revealed a striking options trade on Deribit, where a single trader has executed a balanced strategy by purchasing both call and put options on 660 BTC—creating a rare symmetrical bet on Bitcoin’s future price action.
The Logic Behind the Dual Bet
The trader bought call options with a $120,000 strike price for around $860,000, while simultaneously securing put options at an $80,000 strike for approximately $1.5 million. Both positions expire on March 27, forming a classic volatility play known as a straddle.
- The calls reflect bullish conviction in a potential breakout
- The puts serve as hedge against a sharp downside correction
- The combined move suggests anticipation of extreme market movement
This type of strategy is often used ahead of high-impact events—such as macroeconomic shifts, regulatory news, or post-halving volatility. With Bitcoin at a technical crossroads, this trade could signal an imminent price explosion in either direction.
Notably, the lack of directional bias emphasizes volatility over price prediction—indicating that elite traders may be preparing for uncertainty, not certainty, in the near-term Bitcoin outlook.