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Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live.

By Omkar Godbole|Edited by Parikshit Mishra

Updated Feb 20, 2024, 12:56 p.m. Published Feb 20, 2024, 12:56 p.m.

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