Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

options bet crossed the tape on Tuesday, aiming to profit from a potential short-term price drop in bitcoin with the floor at $47,000. The trader bought 100 lots of March 29 expiry on crypto block trading service provider Greeks.Live, and put options at strikes $50,000 and $43,000, partly financed…#coindesk #greeks #bitcoin
Source: Reuters: Health - Category: Consumer Health News Source Type: news