<div id="readability-page-1" class="page"><div><ul><li>A large trader booked a &#34;short strangle&#34; strategy on Deribit, expecting XRP to stay close to $1.40 till the end of June.</li><li>The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.</li><li>The low-volatility wager comes as macroeconomic pressures and a key U.S. crypto regulatory bill, the Clarity Act, raise the prospect of bigger price swings. </li></ul></div></div>

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<p>A large trader has placed a $224,500 bet using a 'short strangle' strategy on Deribit, anticipating XRP's price will remain around $1.40 until the end of June. This low-volatility wager comes amid macroeconomic pressures and the potential impact of the U.S. Clarity Act on crypto regulations, which could lead to increased price fluctuations.</p>

- A trader implemented a "short strangle" strategy on Deribit, predicting XRP will remain near $1.40 until the end of June.  
- By doing so, the trader accrued roughly $224,500 in premiums, which will be retained if XRP stays at that level.  
- This low-volatility bet occurs amid macroeconomic pressures and the potential influence of the Clarity Act, suggesting increased price volatility ahead.

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A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June