The mega trade aims to profit from a potential surge in ether price turbulence. A trader placed a roughly $28 million notional long straddle on ether, buying 7,500 calls and 7,500 puts at a $1,875 strike that expire July 24. The bet is a high-conviction wager on sharp ether price volatility in either direction, with profit driven by big moves rather than by a specific price target. The trader paid about $852,000 in premium, which is the maximum loss if ether stays range-bound. A massive bullish…
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