A block options user on Deribit bought a put option of $61,000 on August 9 for a total of 250 BTC
2024-08-05 02:12:40
Deribit asia pacific business person in charge linchen platform post said a user household purchasedesk3cryptocurrencydesktopCrypto News
Lin Chen, head of Asia Pacific commerce at Deribit, wrote on the X platform that a user purchased a put option of $61,000 on August 9 (Friday), totaling 250 BTC, and paid the premium of $916,000. Bearish, thinking that it will continue to fall when it expires this Friday. The current price has fallen to $54,600. The most important reason for this decline is the US economy or trading recession, which caused a strong panic in the market.
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