A large-scale options user on Deribit bought put options for $61,000 on August 9th, totaling 250 BTC
Deribit's Asia-Pacific business head, LinChen, posted on platform X stating that a user has purchased put options for August 9th (this Friday) at $61,000, totaling 250 BTC and paid a premium of $916,000. The user believes the price will continue to fall by this Friday's expiration date. The current price has already dropped to $54,600. The most significant reason for this decline is the potential economic or trading recession in the United States causing intense market panic.
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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