An investor bought a $2,200 Ethereum put option at the end of March, totaling 10,000 ETH.
Deribit Asia Pacific head of commerce Lin posted on the X platform, today ETH's largest bulk options: an investor bought $2,200 put options at the end of March, a total of 10,000 ETH, pay $1.249 million premium. Analysis believes that the order is to reduce the position, that is, to sell the put option position squaring, high probability options early stop loss, it is estimated to go to the cash market to buy ETH to build a position.