Deribit bulk options data: A user bought both call and put options for the end of August at $65,000, totaling 463 BTC

According to data released by Deribit officials, the largest single options trade today involved a user purchasing both call and put options for $65,000 at the end of August, totaling 463 BTC, with a premium payment of $4.587 million.

The user is long on volatility, expecting significant market fluctuations before settlement at the end of August due to speculation about interest rate cuts. The user will profit if the price falls below $56,000 or rises above $77,000.