المستثمرون الكبار يضخون 2.36 مليون دولار، وتوقعات بحدوث تقلبات كبيرة في خيارات البيتكوين بنهاية مارس

【Block Rhythm】An interesting phenomenon. According to on-chain data tracking, a trader recently made huge investments on Deribit, purchasing call and put options on 660 BTC, with a total premium of $2.36 million, with both contracts expiring on March 27.

Just looking at the numbers, you can sense this trader has ideas about the market at the end of March — buying call options at $120,000 strike price (about $860,000) while simultaneously buying put options at $80,000 strike price (about $1.5 million). This combination is called a pure volatility strategy. In simple terms: he’s betting that BTC will experience a big move by the end of March — whether it rises or falls, he can profit. It doesn’t matter whether it goes up or down.

Of course, the risks are there. If on the expiration date, BTC price quietly stays within the $80,000 to $120,000 range with sideways movement or minor fluctuations, this trader will face maximum losses — all $2.36 million in premiums will be lost. This type of volatility betting is essentially using large amounts of capital to express conviction about dramatic market movements.