TechFlow news, Lin Chen, Head of APAC Business at Deribit, stated that today's largest block options trade on ETH was by a user who paid $139,000 to buy 1,000 ETH put options at 2500 expiry at the end of October, while simultaneously selling 1,000 ETH put options at 2450 expiring next Friday (September 6).
According to Lin, the user believes ETH will not fall below $2,430 before next Friday, but could potentially see a significant drop by the end of October.
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