According to BlockBeats, on July 30, according to data released by Deribit officials, in the platform's ETH block options trading today, a user bought call options and put options worth $3,200 at the end of September, totaling 6,000 ETH, and paid a premium of $3.906 million.

Official staff explained that the user went long on ETH volatility, and would make a profit if the price was less than $2,600 or greater than $4,000 at expiration. Compared with another BTC block trade, or going long on ETH volatility while shorting BTC volatility for the same client, the volatility spread would increase.