LinChen: A large options user on Deribit bought 250 BTC of put options with a strike price of 61,000 expiring on August 9
ChainCatcher news, Deribit Asia Pacific Business Head LinChen posted on platform X stating that a user purchased 61,000 put options expiring on August 9 (this Friday) for a total of 250 BTC, paying a premium of 916,000 USD. The user is bearish, believing that the price will continue to decline by the expiration this Friday. The current price has dropped to 54,600 USD, with the most significant reason for this decline being fears of a U.S. economic or trading recession, causing strong panic in the market.
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