TechFlow news, Lin Chen, Head of APAC Business at Deribit, posted on X platform stating that in today's largest BTC block options trade, someone received a premium of $3.793 million by selling 400 BTC worth of put options with a strike price of $60,000 expiring at year-end.
Lin Chen analyzed that this transaction indicates the trader is bullish on Bitcoin in the long term. If Bitcoin's price is above $60,000 by year-end, the trader will keep the premium, achieving a coin-denominated return of 15.35%, equivalent to an annualized return of approximately 32.4%.
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