Deribit BTC options sell large amounts of $58,000 put options at the end of May
Lin Chen, the head of Deribit's Asia-Pacific business, posted on X platform that the largest option transaction for BTC before the US stock market opened (during daytime in Asia) today was someone selling 200 put options for BTC at the end of May at a price of $58,000, earning a total of $450,000. This means that the person is willing to buy 200 BTC spot at a price of $58,000.
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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