Greeks.live: Huge amounts remind traders to be cautious about short-selling fluctuations. The market may experience large fluctuations of 10% this month.

Greeks.live macro researcher Adam posted on the X platform that Bitcoin has been relatively calm recently, and Bitcoin options block trading has also been relatively flat. However, a huge amount was traded yesterday, which may lead to the next market trend. Buy 1,500 groups of February wide straddles and sell 1,500 groups of March wide straddles at a low cost. The nominal face value of the entire portfolio is as high as US$260 million, and this order alone accounted for more than 30% of yesterday's trading volume. From the PNL chart, we can see that the whales are betting heavily that there will be a big shock of more than 6% in February, but they are not sure of the direction, which is relatively rare among whale investments. After analyzing the transaction data, it was found that Big Whale previously held a sell call of 45,000 at the end of February, which also verified that Big Whale changed from bearish fluctuations in the past to bullish fluctuations. Based on the above analysis, this huge block worth US$260 million reminds traders to be cautious about short-selling fluctuations. The market may usher in large fluctuations of 10% this month.