A trader has taken significant positions in Bitcoin options, acquiring both call and put contracts for a total of $2.36 million, expiring on March 27.
A trader purchased 660 Bitcoin call options at a $120,000 strike price for $860,000 and 660 Bitcoin put options at an $80,000 strike for $1.5 million, both expiring on March 27, according to on-chain analyst @ai_9684xtpa. The total position represents a strategic bet on Bitcoin's price movement within the defined strike range.