On-chain analyst Ai Yi, known on X as @ai_9684xtpa, said a trader has sold a total of 2,709 Bitcoin call options with a Sept. 25 expiry and a $70,000 strike price, for a notional value of about $173 million. The position amounts to a bet that BTC will not rise more than 9.5% over the next 52 days. According to the monitoring data, the trader collected roughly $3.03 million in option premium from the sale. If Bitcoin remains below $70,000 at expiry, the premium would be kept in full. If BTC moves sharply higher, the trader could face losses tied to the short call position. The transaction was reported by BlockBeats on Aug. 4, citing Ai Yi’s on-chain tracking.
BlockBeats reported on Aug. 4 that, according to on-chain analyst Ai Yi (@ai_9684xtpa), a trader has sold a total of 2,709 BTC call options expiring on Sept. 25 with a strike price of $70,000. The contracts carry a notional value of about $173 million.
A short call position tied to the $70,000 level
Based on Ai Yi’s tracking, the trade is effectively a bet that BTC will not gain more than 9.5% over the next 52 days. The trader collected about $3.03 million in premium from the position.
If BTC does not break above $70,000 by expiry, the premium would be retained in full. If the price rises sharply, the trader could face losses on the position.
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