Crypto Market Dynamics: Large Bitcoin Options Transactions on the Deribit Platform
Publication Time:2024-08-13 10:47:09
According to Golden Finance's report, Lin Chen, the Asia Pacific business director of Deribit, shared on social media about a recent large-scale Bitcoin options trading activity. In this transaction, a user sold a put option with an exercise price of $40,000 expiring at the end of the year and simultaneously bought a put option with an exercise price of $55,000. The scale of this trade was substantial, involving 300 Bitcoin, with a total premium paid amounting to $1.283 million. This action has attracted significant attention in the crypto market, highlighting the varied expectations and strategic positioning of market participants regarding the future trajectory of Bitcoin.
Deribit
Cryptocurrency
Large Transactions
Bitcoin Options