Odaily星球日报讯 据 Deribit 官方人员发布的数据显示，某用户今日卖出了比特币年底 65,000 美元的看涨期权，并购买了年底 100,000 美元的看涨期权。共计 551 个 BTC，收入权利金 489 万美元。 Deribit 官方人员解释称，该用户或持有大量 BTC，如果 BTC 不涨或下跌，权利金可作为套保。如果 BTC 大涨，10 万的看涨期权则对冲了极端风险。

Odaily星球日报讯 据 Deribit 官方人员发布的数据显示，某用户今日卖出了比特币年底 65,000 美元的看涨期权，并购买了年底 100,000 美元的看涨期权。共计 551 个 BTC，收入权利金 489 万美元。Deribit 官方人员解释称，该用户或持有大量 BTC，如果 BTC 不涨或下跌，权利金可作为套保。如果 BTC 大涨，10 万的看涨期权则对冲了极端风险。

Deribit今日大宗交易：某用户卖出年底BTC 65,000美元看涨期权，买入10,000美元看涨期权

According to data released by Deribit officials, a user today sold a Bitcoin call option with a strike price of $65,000 by the end of the year, and purchased a call option with a strike price of $100,000 by the end of the year. The total amount is 551 BTC, and the premium income is $4.89 million. Deribit officials explained that the user may hold a large amount of BTC, and if BTC does not rise or falls, the premium can be used as a hedge. If BTC rises sharply, the $100,000 call option will hedge the extreme risk.

Odaily Odaily News According to data released by Deribit officials, a user sold a $65,000 call option for Bitcoin at the end of the year today, and bought a $100,000 call option at the end of the year. A total of 551 BTC, with a premium of $4.89 million. Deribit officials explained that the user may hold a large amount of BTC, and if BTC does not rise or falls, the premium can be used as a hedge. If BTC rises sharply, the 100,000 call option hedges the extreme risk.

Deribit had a large trade today: a user sold BTC 65,000 call options expiring at the end of the year, and bought BTC 10,000 call options.

On July 29, Bitfinex released a report stating that the Bitcoin price reached $70,000 today, rebounding over 30% from the low point on July 5, which we had previously predicted could be the bottom at the time.

This upward momentum coincides with the Bitcoin 2024 conference. The implied volatility in the Bitcoin options market initially spiked, but as traders reduced their risk, the volatility subsequently declined. With the large-scale options expiration delivery scheduled for Friday, August 2, consolidation or even a slight pullback is expected.

Indeed, although the resistance above has been broken, the net selling in the market last week was evident, as profit-taking put pressure on the market, coupled with the gradual distribution of BTC to Mt. Gox creditors. However, the market has absorbed these sell-offs well, indicating that stronger buyers are entering. Furthermore, the realized price for short-term holders is currently $65,700, providing solid support. The number of open interest contracts in the futures market has also surged, indicating that leveraged trading has become active again. Despite the sell-off in the spot market, the leveraged long positions are still supporting the price.

Looking ahead, the next move of the market will be crucial. The decline in implied volatility and the increase in leveraged positions suggest that the market may stagnate or fluctuate within a range in the short term. With the maintenance of key support levels and the accumulation of bullish momentum, Bitcoin will face an interesting scenario in the coming week.

Bitfinex reports: As the expiration of large-scale options this Friday approaches, consolidation or even a slight pullback is expected.

Odaily reports that Deribit posted an analysis on the X platform: "BTC trading is within a channel, although there are political claims about Bitcoin, the trading volume is relatively low on the weekend. The unrealistic proposals put forward by the candidates (such as buying BTC as a reserve and dismissing the SEC chairman) have not had any impact, and BTC is expected to remain range-bound."

Deribit: BTC is expected to continue to fluctuate within a range.

SOL - The Emperor's New Clothes
Recently, my timeline has been inundated with SOL nonsense, interspersed with meme coin pretexts. I started to believe that the meme coin super cycle is real, and that Solana will replace ETH as the primary L1. But later I started to delve deeper into the data, and the results are at least concerning... In this article, I introduce my findings and why Solana may be a house of cards.

First, let's look at the bullish case, as succinctly stated by @alphawifhat:
[User]
Compared to ETH, Solana has...