Whale Alert: $1M BTC Trade Bets on Volatility Expansion Outside $53K-$87K Range

The trade, a so-called long straddle, saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit.