Deribit Trader Buys 800 BTC Bull Call Spread at $80K and $85K Strikes

BTC0.42%

According to Deribit APAC business head Lin Chen, a derivatives trader purchased 800 BTC bull call spread options on May 4, buying $80,000 call options while selling $85,000 call options, signaling a bullish outlook on Bitcoin’s near-term price movement.

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