Lin Chen: Today, the largest ETH options block trade on Deribit was a sell of April 4000 put options and a buy of 5000 call options

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on platform X stating that the largest ETH options trades today are as follows:

1. Selling 4000 ETH put options at $4000 expiring at the end of March, generating $830,000, indicating a bullish stance on ETH, willing to buy spot at $4000;

2. Selling put options at $4000 expiring at the end of April while buying call options at $5000, totaling 4500 ETH, generating $725,000, which also indicates a bullish stance.