PANews reported on June 5 that Greeks.live macro researcher Adam pointed out that today, the largest crypto option block transaction in history occurred, with a total nominal value of up to $1.19 billion, worth 11,350 BTC, and a premium of up to $7.5 million. This group of blocks consists of two parts, one is the 3,800 bull spreads in September, which are long on medium- and long-term volatility and prices, and the other is selling June at-the-money call options, which can form a calendar spread with the September purchase, killing two birds with one stone, which represents the pessimism in the short term.

In short, this option block of nearly $1.2 billion is expected to have little increase in June, but there may be a significant market in the third quarter, even up to 50% increase. The market lacks funds and hot spots recently, but in the long run, various positive factors are still being released, which is consistent with the recent mainstream market thinking.