A record-breaking option trade involving a massive notional value of $1.19 billion has been executed in the Bitcoin market, according to analysis firm GreeksLive. This transaction involved opening a position of 11,350 BTC and a premium of only $7.5 million. The transaction reflects two key components: first, a bullish spread covering September maturity with an expectation for price and volatility growth over the long term; second, the sale of June maturity at-the-money (ATM) call options, suggesting limited short-term price expectations in June but a potential for a strong third-quarter rally. GreeksLive estimates that this transaction suggests a potential upside of up to 50% in Q3. The current BTC price is about 7% below its all-time high of $111,970, according to the latest data. ⚠️ This is not investment advice. Further reading: A Historic Record Was Broken in Bitcoin Options: It May Provide a Major Clue About the BTC Price in June and September