Investors on Deribit sold $60,000 put options at the end of the year, totaling 400 BTC

According to TechFlow, Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that in today’s largest BTC block options transaction, someone earned a premium of $3.793 million and sold a year-end put option of $60,000, totaling 400 BTC.

Lin Chen pointed out that this transaction shows that the trader is bullish on Bitcoin in the long term. If the price of Bitcoin is higher than $60,000 by the end of the year, the trader will receive a premium, with a coin-based return of 15.35%, or about 32.4% annualized.