A large-scale options user on Deribit sold bullish and bearish Ethereum options at the end of October, totaling 500 ETH
Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest ETH block option was a user selling bullish and bearish options for $3400 at the end of October, totaling 500 ETH and receiving $394,000. Analysis suggests that this investor is shorting volatility with a profitable price range of $2750-$4450. The coin-based return reaches 24.45%, perhaps the investor likely believes that the price will repeatedly fluctuate within this range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ETH breaks through $2,300
BTC breaks through $55,000
AR Breaks Through $20
NFT lending platform Blend surpasses $6.8 billion in total transaction volume
