A trader bets on a violent surge by the end of March, purchasing a long straddle BTC options portfolio.

GateUser-6433627c · 2026-01-07T14:51:33+00:00

1 月 7 日，据链上分析师 Ai 姨（@ai_9684xtpa）监测，某交易员押注三月底迎来狂暴大波动，在 CEX 买入 660 枚 BTC 12 万美元看涨期权（约 86 万美元），以及 660 枚 BTC 8 万看跌期权（约 150 万美元），皆为今年 3 月 27 日到期。该交易员采用纯波动率策略：押注三月底期权到期时 BTC 价格会出现大幅波动，无论向上或向下皆能盈利。若到期时 BTC 价格在 80,000 至 120,000 美元区间内小幅波动或横盘，则会亏损，最多亏损全部权利金 236 万美元。

GateUser-6433627c

2026-01-07 14:51:33

On January 7th, according to on-chain analyst Ai Yi (@ai_9684xtpa), a trader is betting on a violent wave of volatility by the end of March. The trader bought 660 BTC call options worth $120,000 (approximately $860,000) and 660 BTC put options worth $80,000 (approximately $1.5 million), both set to expire on March 27, 2023. The trader is employing a pure volatility strategy: betting that BTC prices will experience significant fluctuations by the options’ expiration date, profiting whether the price moves up or down. If, at expiration, BTC’s price fluctuates slightly within the $80,000 to $120,000 range or remains sideways, the trader will incur a loss, with a maximum loss of the entire premium of $2.36 million.

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