Cryptocurrency Options Bulk Trading DailyToday's biggest event Trading Analysis: Sell Bitcoin (BTC), Call Calendar Spread Nominal value: 500 BTC (approximately 43650800) This transaction is clearly a quarterly delivery adjustment by a large player, using the position swap on Thursday and Saturday, hoping to smoothly pass tomorrow's quarterly delivery. There may be a significant deviation of IV from Mark before and after the quarterly delivery, and manual monitoring or automatic trading may result in excess returns. More bulk trades There is a large naked bulk transaction today 1. 250 BTC-29MAR25-91000-C, it has been a long time since such a large-scale active buying operation was made. The nominal face value is 20 million US dollars, but in reality, only 60000 US dollars of premium was used. The transaction was also conducted for quarterly delivery or as a hedge against selling positions that are about to expire. It can be considered as a profit taking and adjusting the Greek letters of the position. 2. Other bulk trades are also centered around quarterly delivery, and IV has been under pressure in recent days. It is expected that there will be some improvement in April.