On Deribit, a large purchase of BTC options was made, including put options for $65,000 at the end of September and call options for $70,000. The total is 200 BTC

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Bitget2024/07/23 02:48

Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest BTC bulk options: a user purchased put options for $65,000 and call options for $70,000 at the end of September, totaling 200 BTCs. They paid a premium of $2.468 million. Betting on high volatility, the boss expects significant market fluctuations before settlement at the end of September with profits if prices are less than $55,000 or more than $85,500.

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