Today the market saw the largest crypto options Block trades in history, with a total notional value of 1.19 billion worth 11,350 BTC and 7.5 million in premiums alone. This Block was made up of two parts, a 3,800 set of bull spreads for September, long both volatility and price in the long term, and a sale of July ATM calls, which can be made up of calendar spreads with September buys, that represents not being bullish for the short term. Simply put this nearly 1.2 billion options block sees little upside in July, while the third quarter could see a significant block, even up to 50%. The recent market lack of funds and hotspots, but the long-term seems to be a variety of good continues to be released, but also with the recent market mainstream ideas.