An investor purchased a $2,200 Ethereum put option at the end of March, totaling 10,000 ETH

Lin, the Asia-Pacific business director of Deribit, posted on X platform today that the largest block option for ETH today is: an investor bought put options with a strike price of $2200 at the end of March, totaling 10,000 ETH, paying a premium of $1.249 million. Analysis believes that this order is to reduce positions, that is, to close out the previously sold put options, with a high probability of early stop-loss for options, and it is estimated that ETH will be bought in the spot market to establish a position.