This clever Bitcoin options strategy brings pro BTC traders big profits By Cointelegraph



This clever Bitcoin options strategy brings pro BTC traders big profits

‘s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month.

Bitcoin price at Coinbase, USD. Source: TradingView

As BTC price has already surged 72.7% since February, most traders are skeptical of another rally taking place over the next couple of weeks. Nevertheless, the $55,000 support has shown strength and is a signal that the uptrend is intact.

OKEx 3-month future contracts basis. Source: Skew
Profit / Loss estimate. Source: Deribit Position Builder