The technique will earn most revenue if bitcoin falls to $47,000 on the expiry day. The forecast, due to this fact, is for costs to drop within the subsequent few weeks however not beneath $47,000. The payoff diagram exhibits a most revenue on the heart and a set loss in case costs breach the 2 ends, mimicking the physique of a butterfly. Therefore, the technique is named a “butterfly” guess.
Dealer Takes $20M ‘Butterfly’ Wager to Guard Towards Bitcoin (BTC) Worth Dropping to $47K
