A user may have mistakenly purchased an option worth 0.004 BTC at a price of 0.0434 BTC, and the counterparty made a profit of nearly 4 BTC.

Odaily Planet Daily Report: According to the macro researcher Adam of Greeks.live, the major over-the-counter (OTC) options trading last weekend was concentrated on BTC, mainly in the form of calendar spreads, with relatively low trading volume, which is normal for the weekend. There was a peculiar calendar spread trade, where the buyer purchased the 12OCT24-60000-C option with an implied volatility (IV) as high as 495%, effectively buying an option worth 0.004 BTC for 0.0434 BTC per contract, and the trade size was 100 BTC. The analyst suggests that the user might have made a mistake (misplaced the decimal point), and the counterparty directly profited by nearly 4 BTC from this trade.