Deribit Trader: Sells 2709 BTC Calls Betting No $70K Break

Deribit trader sold 2709 BTC call options valued at $173 million, wagering BTC will not exceed $70,000 before September 25 to collect $3.03 million in premium if the strike holds.

Price sits at $63888.28 above the EMA50 at $63705.58 and EMA200 at $63697.19 while the MACD registers a bullish golden cross at -56.11 and RSI holds neutral at 55.01 inside the Bollinger Bands; the upper band at $63997 offers immediate resistance, suggesting any push higher could stall before a test of the 50-EMA support and limit the 9.5 percent rally the options seller is positioned against.