On Deribit, BTC bulk options sold $40,000 put options for the end of the year and bought $55,000 put options
Lin Chen, the head of Deribit Asia Pacific business, posted on X stating that today's largest BTC block option is: a user sold $40,000 put options at year-end and bought $55,000 put options, totaling 300 BTCs with a premium payment of $1.283 million.
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