According to ChainCatcher, Lin, the Head of Business for Deribit in Asia-Pacific, posted on X platform that today's largest ETH options trade is: an investor purchased a put option for 2200 USD at the end of March, totaling 10,000 ETH, paying a premium of $1,249,000.
Analysts believe this order is a position reduction, which means closing out previously sold put options, with a high probability of early option stop-loss, and is estimated to buy ETH in the spot market to establish a position.