A user bought a $65,000 put option at the end of the year, totaling 425 BTC

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ODAILY
10-17
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Odaily Odaily Deribit Asia Pacific Business Manager said that today's largest BTC bulk option transaction, a user bought a year-end $65,000 put option, a total of 425 BTC, paid a premium of $2.108 million, and the price was lower than $60,000 (break-even point) at the time of delivery, which was a profit. He said that the current BTC has risen to around $67,000, and the user is likely to be a miner or is pledging tokens to borrow stablecoins, and needs to hedge to ensure the minimum selling price of $65,000.

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