Analysis: The options market believes that the increase in June is small, and there may be a significant big market in the third quarter

Odaily News According to Greeks.live analyst Adam, the largest crypto options block trade in history occurred today, with a total notional value of $1.19 billion, worth 11,350 BTC, and the premium alone was as high as $7.5 million.
This group of bulk is composed of two parts. One part is the 3,800 bull market spreads in September, which is long on medium and long-term volatility and prices. The other part is selling June at-the-money call options, which can form a calendar spread with the September purchase, killing two birds with one stone, which represents the pessimism in the short term.
Simply put, this large option block of nearly US$1.2 billion is expected to have little increase in June, but there may be a significant market trend in the third quarter, even up to 50% increase.
The market has been lacking in capital and hot spots recently, but in the long run, various positive factors are still being released, which is consistent with the mainstream thinking of the market recently.