ChainCatcher message, Bitcoin rebounded over 5% from below $83,000 after the Federal Reserve announced a slowdown in tapering, briefly breaking above $87,000.QCP Capital analysts pointed out that trader sentiment is turning bullish, as call options have become more expensive, or there is higher demand for calls compared to puts, contrasting with earlier this week. However, Amberdata's derivatives director Greg Magadini believes that macro uncertainty still exists, and the options skew may shift back to bearish. (Note: The so-called "skew" refers to the difference in volatility between put and call options in the options market.)

ChainCatcher message, Lin Chen, Head of APAC Business at Deribit, posted on X stating that the largest BTC block options trade today was: a user paid a premium of $984,000 to buy 400 BTC of $96,000 call options expiring on January 10 (next Friday).

ChainCatcher news, Lin Chen, Head of Asia-Pacific Business at Deribit, stated in a post on X that the largest BTC block options trade today involved a user paying a premium of 1.634 million, buying a call option for $115,000 expiring at the end of March next year, totaling 250 BTC.The user is bullish, and will profit if the price at delivery exceeds $124,000. The user is confident about the BTC trend next year, expecting the market to reach new highs after Trump officially takes office.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on platform X that the largest BTC block option today was a large client paying a premium of $2.475 million to buy 350 BTC call options with a strike price of $200,000 expiring at the end of March next year. The price of BTC at execution was $68,000.

ChainCatcher news, Greeks.live macro researcher Adam tweeted that tomorrow is the quarterly large settlement, with $15 billion in options awaiting settlement. Market participants are intensifying their rollovers, and BTC call options remain the absolute main force in the rollovers.In today's block trades, the main slippage was 6-8 basis points, and slippages of over a dozen basis points were not uncommon, making it a rare good time for participants with precise pricing. Due to the recent high volatility in the market, the implied volatility (IV) for major maturities has not shown a significant decline, which has led to a continuous increase in the cost-effectiveness of selling options. Even for June and September, there have been good selling opportunities. Adam still believes that there will be a significant drop in IV this weekend, allowing sellers to quickly realize profits.

ChainCatcher message, Deribit Asia Pacific Business Head Lin Chen posted on platform X, stating that there is a significant divergence in today's BTC options bulk market:A certain large holder sold 200 BTC call options for June at $55,000, earning a premium of $3.917 million, likely to take profit;A certain large holder paid $2.98 million to buy 250 BTC call options for the end of September at $90,000, showing absolute bullish sentiment.

ChainCatcher news, according to official news from Derbit, a trader today paid 1.19 million dollars to buy 1,155 BTC call options with a strike price of 50,000 dollars expiring at the end of March, using 33 times leverage to go long, making it the largest options block trade on the platform today.