A certain investor purchased Ethereum put options at the end of March for $2200, totaling 10,000 ETH
The head of Deribit Asia Pacific business, Lin, posted on the X platform stating that today's largest ETH block option is: an investor purchased a put option for $2200 at the end of March, totaling 10,000 ETH and paid $1.249 million in premiums. Analysis suggests that this order is to reduce positions, i.e., to close out previously sold put options. There's a high probability of stopping loss ahead of time with options and it's estimated they will go to the spot market to buy ETH for position building.
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