Gate released an options market analysis: a large buy butterfly bullish spread with a notional value of up to 680 million USD.

On August 5, CoinWorld reported that despite a rapid decline in the market last Friday, Bitcoin briefly fell below $120,000, resulting in over $1 billion in leveraged long positions being liquidated. However, as expectations for interest rate cuts increased and new policies from the SEC released favorable information, market sentiment began to warm up. A large transaction in the BTC options market saw a purchase of a butterfly call spread expiring on August 29 (strike prices 118k/124k/126k), with a notional value of up to $680 million, indicating that traders expect Bitcoin prices and volatility to gradually stabilize. Meanwhile, Gate has launched the "Crypto Options Academy," with a curriculum covering beginner, intermediate, and advanced stages, systematically explaining the basics of options, practical strategies, and trading skills, aimed at providing a one-stop advanced learning path for various users. Whether you are a complete newbie or a professional trader, you can gain practical guidance and strategy enhancement at the Options Academy. The current market demand for risk management and flexible trading is growing, and options, as tools that combine hedging, high leverage efficiency, volatility trading, and strategic flexibility, are becoming the focus of attention for institutional and individual investors. Compared to spot and futures, options allow for more precise risk control and diversified strategy building, providing greater operational space and choices to cope with complex market conditions.