Research: BTC Options Market Records Massive Block Trades, Total Bullish Option Transactions Exceed $120 Million

According to Adam, a macro researcher at Greeks.live, the Bitcoin options market has seen a surge in large-scale block trades. Since 9:00 PM, over 6,000 BTC in block transactions have been recorded, with the total value of bullish option transactions exceeding $120 million throughout the day.

Notably, nearly 5,000 BTC were traded in actively purchased call options for December 27 expiration, with strike prices ranging from $92,000 to $100,000. This buying activity is ongoing and shows no signs of slowing down. Additionally, the premiums paid for these options are significantly higher than usual, with buyers paying more than double the typical premium costs to acquire them.

Analysts suggest that whales may be behind these large-scale transactions. Such substantial investments indicate strong market confidence or a strategic move in anticipation of future Bitcoin price trends.

These developments could have a significant impact on both the BTC spot and derivatives markets, potentially influencing price movements and increasing volatility. Market participants are advised to closely monitor this activity and prepare for potential fluctuations.