Large volume of BTC put options at $54,000 for the end of July were purchased on Deribit, possibly due to concerns about the impact of tonight's CPI data on the market
Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest BTC block option is: someone paid a premium of $302,000 to purchase put options for $54,000 at the end of July, totaling 310 BTC. According to analysis, this person is bearish in the short term and may be worried about tonight's (Thursday) 8:30 PM (UTC+8) CPI inflation data being too high, causing market panic due to further delay in interest rate cut expectations.
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.
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