Deribit bulk options data: a user bought the end of the year $65,000 put options, a total of 425 BTC
On October 17, according to data released by Deribit's official staff: today's largest BTC options trade, a user bought $65,000 put options at the end of the year, a total of 425 BTC, paying $2.018 million in royalties, and the price was below $60,000 (breakeven point) at the time of delivery, which is a profit.
It said that with BTC currently hovering around $67,000, the user is likely a miner or is in the process of collateralizing tokens to lend out stablecoins, and needs to hedge to secure a minimum selling price of $65,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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