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Crypto DeFi

Whale Buys 500 End-of-Month $90K/$95K Bitcoin Bull Call Spreads

A single whale bought 500 end-of-month bitcoin bull call spreads with strikes at $90,000 and $95,000, Greeks.live research analyst Adam said. With more than a week left before monthly expiry, the current mini-bull run has entered a quiet phase, with most trading built around range-bound expectations. The directional bet is unusual recently, suggesting the whale may be positioning for a move in the final days of the month.

Original source

AI take

The size and structure of this trade stand out because it is a defined-risk directional bet, not the range-bound positioning that has dominated recent flow. That makes it a useful signal of where at least one large participant sees asymmetry into monthly expiry. It matters most for options market participants watching whether this is a one-off or the start of broader upside demand. Whether follow-through hedging or similar large directional trades appear in the final days before expiry is the open question.

Generated by AI for reference only.

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