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Bitcoin Options Trader Hedges $20M Bet for $47K Drop - The Crypto Times

Retrieved on: 2024-02-20 20:56:25

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Bitcoin Options Trader Hedges $20M Bet for $47K Drop - The Crypto Times. View article details on HISWAI: https://www.cryptotimes.io/2024/02/20/bitcoin-options-trader-hedges-20m-bet-for-47k-drop/

Summary

The article discusses a significant bitcoin options trade with a bearish outlook, employing a butterfly strategy aiming for maximum profit if BTC hits $47,000 without dropping below it.

Article found on: www.cryptotimes.io

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