An investor purchased 10,000 ETH of March-end $2,200 Ethereum put options
ChainCatcher news, Deribit Asia Pacific Business Head Lin posted on platform X that today the largest block option for ETH is: an investor purchased 10,000 ETH of put options at $2,200 for the end of March, paying a premium of $1.249 million.
Analysis suggests that this order is a reduction of positions, meaning it is closing out previously sold put options, likely to stop-loss the options early, and it is estimated that they will buy ETH in the spot market to establish a position.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
