Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S....

Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms

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Source: Coindesk.com

The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume. The strategy will make the most profit if BTC rises to $80,000 by the end of November. Bitcoin Breaks $64K While Gold

Read More https://www.coindesk.com/markets/2024/10/24/institution-takes-25m-hedge-bet-on-derives-bitcoin-options-market-as-us-election-looms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms" appeared first here Coindesk.com.

Source: Coindesk.com

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