Odaily Planet Daily News Odaily Planet Daily News Lin Chen, head of Asia Pacific business at Deribit, posted on the X platform that in today's BTC block option transaction, a user paid $3.617 million to sell a $65,000 call option at the end of June, and bought a $100,000 call option at the end of March next year, totaling 250 BTC. According to official explanations, such operations are a common strategy in recent times, short-term bearish and long-term bullish, using the premiums obtained from selling options to lower the cost of buying forward options, and doing some hedging to reduce risks.