Deribit BTC options sell large amounts of $58,000 put options at the end of May
By:Cointime
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.
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