According to ChainCatcher, data released by Deribit officials show that in today's largest BTC bulk option transaction, a user bought a $65,000 put option at the end of the year, totaling 425 BTC, and paid a premium of $2.108 million. The price was lower than $60,000 (break-even point) at the time of delivery, which was a profit.

He said that the current BTC has risen to around $67,000, and the user is likely to be a miner or is currently pledging tokens to borrow stablecoins, and hedging is needed to ensure the minimum selling price of $65,000.