Lin Chen, head of Asia Pacific commerce at Deribit, wrote on the X platform that a user purchased a put option of $61,000 on August 9 (Friday), totaling 250 BTC, and paid the premium of $916,000. Bearish, thinking that it will continue to fall when it expires this Friday. The current price has fallen to $54,600. The most important reason for this decline is the US economy or trading recession, which caused a strong panic in the market.