📢Fresh news from the blockchain industry! Lin Chen, head of Asia-Pacific business at Deribit, broke the news on the X platform that the largest block option transaction of ETH today attracted attention. 😲A mysterious person received a premium of $331,000 and bought a put option of $3,000 at the end of July, and sold a call option of $3,300 at the end of July, totaling 2,000 ETH. 💰

🔍According to Lin Chen's analysis, this person is bearish, and if the price is lower than $3,400 at the time of delivery, he can make a profit. 📉This operation is likely to be a strategy of holding a lot of spot, buying puts + selling calls for hedging + profit. 🧠

🤔What does this news reveal to us? First of all, this is a typical hedging strategy. By buying put options and selling call options, market risks can be hedged to a certain extent. Secondly, this also reflects the market's expectations for ETH, which may have a certain downward space. However, no matter how the market changes, our optimistic attitude towards Bitcoin remains unchanged! 💪

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