An investor purchased a $2,200 Ethereum put option at the end of March, totaling 10,000 ETH

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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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