Deribit large options: A certain user bets that BTC will decline in January and rise above 90,000 USD in February

According to market news, the largest BTC block options trade today involved a user buying 90,000 USD put options expiring at the end of January and selling 90,000 USD put options expiring at the end of February, with 375 BTC on each side. This user is betting that BTC will drop by the end of January and then rise above 90,000 USD in February.

Currently, the market's positive sentiment has mostly dissipated, and some users are betting on a decline due to the risk of being removed from the index components at the beginning of January. However, there is also a clear optimism for a market recovery after February.