**Big move in the crypto market! A user spent $2.108 million to buy BTC put options**

Hello everyone! Today we are going to talk about a big event in the crypto market! According to data released by Deribit officials, on October 17, a mysterious user bought a $65,000 put option at the end of the year in BTC block options trading, totaling 425 BTC, and paid a premium of up to $2.108 million. 😲

### Transaction details revealed

The break-even point of this transaction is set at a price below $60,000 at the time of delivery, that is, as long as the BTC price falls below $60,000 before the end of the year, this user can make a profit. The current BTC price is hovering around $67,000. The user's operation makes people speculate that he (or she) may be a miner, or is operating a mortgage token to borrow stablecoins, and needs to hedge risks in this way to ensure a minimum selling price of $65,000.

### How does the market react?

This transaction has undoubtedly attracted widespread attention in the market. Some people think this is a bearish signal for the market, indicating that the price of BTC may fall back in the next few months; others think it is just a risk management strategy of individual users and there is no need to over-interpret it.

### Share your views

From a neutral point of view, this transaction may be a prediction of the future market trend or a risk hedging strategy of individual users. In any case, this reflects the diversity and complexity of the crypto market. Investors need to make reasonable investment decisions based on their risk tolerance and market judgment.

### Welcome to interact

Dear friends, what do you think of this block option transaction? Do you think the price of BTC will fall below $60,000 before the end of the year? Welcome to share your views and insights in the comment area, let's discuss this interesting topic together!

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