Deribit's large-scale trading today: Powell's speech essentially confirms the start of an interest rate cut cycle, and market sentiment is clearly bullish

Bulk trading data posted on social media by Deribit officials shows that a user bought Bitcoin call options for $80,000 at the end of the year and sold call options for $120,000 at the end of the year, totaling 525 BTC, paying a premium of $1.844 million. The official explained that this operation is bullish, reducing costs (adding leverage) to go long through bull market spread strategy. After Powell's speech last night basically confirmed the start of an interest rate cut cycle, market sentiment once again drove up prices.

In terms of ETH bulk transactions, a user today bought ETH call options for $2600 at the end of the year and sold call options for $3600 at the end of the year, totaling 12750 ETHs with an income of $3.712 million. Officials explained that this operation is bullish as well; with certainty in interest rate cuts cycle investor sentiment is clearly optimistic.