Deribit large options data: A user bought 65,000 USD put options expiring at the end of the year, totaling 425 BTC

ChainCatcher news, according to data released by Deribit officials: Today, the largest BTC block option trade involved a user buying 425 BTC of put options at a strike price of $65,000 for the end of the year, paying a premium of $2.108 million, with a breakeven price below $60,000 to be profitable.

It is indicated that currently BTC is hovering around $67,000, and this user is likely a miner or is borrowing stablecoins against collateralized tokens, needing to hedge to ensure a minimum selling price of $65,000.