TechFlow news: Lin Chen, APAC Business Lead at Deribit, tweeted that today's largest BTC block options trade saw a user receive a premium of $423,000 by selling 400 BTC worth of call options at $70,000 expiring at the end of September.
He stated that he believes the price will not exceed $70,000 by the end of September. As long as the price at expiry is below $71,500 (the breakeven point), the position will be profitable, yielding a coin-denominated return of 2.3% (approximately 20.47% annualized).




