A TRADER SOLD $173 MILLION WORTH OF BTC TO RAISE HIS OPTIONS

On 4 August, according to the chain analyst, Aunt Ai (@ai 9684xtpa), a trader cumulatively sold 2,709 BTC options due on 25 September, with an implementation value of $70,000, with a nominal value of approximately $173 million, or a bet that the BTC would not rise by more than 9.5 per cent over the next 52 days. This time, the trader received a total of approximately US$ 3.03 million in royalties. If the due price of the BTC does not exceed $70,000, the right will be fully paid; if the price rises significantly, it may face a corresponding loss。