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One platform for global traditional assets
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Whale Flip: From Long to 2,000 $BTC Puts!
A massive Bitcoin whale just pulled a 180! After banking profits on a long from $66K to $68K, this heavy hitter immediately loaded up on 2,000+ put contracts, betting on a drop below $66,000.
Today, April 3, marks a massive $2.15B options settlement on Deribit. While the overall market sentiment remains bullish with a put-to-call ratio of 0.54, this concentrated whale move suggests the $68K level is acting as a ceiling rather than a launchpad.$BTC