According to Greeks.live, today marked the largest crypto options Block trade in history, with a notional value of $1.19 billion involving 11,350 BTC and $7.5 million in premiums. The trade was split into two major segments, including a 3,800 set of bull spreads for September, positioning long volatility and indicating a strong bullish outlook for Bitcoin. This unprecedented trade volume reflects increasing institutional interest and could lead to heightened BTC price volatility and liquidity in upcoming months (source: Greeks.live via Twitter, June 5, 2025).