A trader has sold BTC call options totaling $173 million in value, betting that Bitcoin will not break through $70,000 before September 25.
2026.08.04 10:29:04
According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), a trader has sold a total of 2,709 BTC call options expiring on September 25 with a $70,000 strike price. The notional value of the positions is approximately $173 million, effectively betting that BTC will not rise more than 9.5% over the next 52 days. The trader collected around $3.03 million in option premiums. If BTC’s price does not break above $70,000 at expiration, the trader pockets the entire premium; if the price surges sharply, they may incur corresponding losses.
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