Today, Deribit BTC large options: a user sold a $90,000 call option and an $80,000 put option expiring at the end of June

ChainCatcher news, according to Lin, the head of Asia-Pacific business at Deribit, there was a large transaction in the Bitcoin options market today: a user earned $1.494 million by selling $90,000 worth of call options and $80,000 worth of put options expiring at the end of June, totaling 106 Bitcoin on one side.

Lin's analysis suggests that this short volatility trade is a reduction of positions, indicating that the user took profits on a previous long volatility position. The current market volatility is converging, and implied volatility (IV) has decreased. With the upcoming Federal Open Market Committee (FOMC) interest rate decision, implied volatility may rise.