Greeks.live: Today's largest options block trading is the purchase of put options for BTC with a strike price of $60,000, expiring on April 25.

PANews, April 2 news, according to the crypto assets options block trading daily report released by macro researcher Adam from Greeks.live, today’s largest block trading was the purchase of put options for BTC with an expiration date of April 25, 2025, and a strike price of $60,000, with a total transaction volume exceeding 1000 BTC, a nominal value of nearly $100 million, and deep out-of-the-money for low-cost extreme hedging or high-leverage speculation, requiring a fall of over 30% under current conditions to be profitable. The risk-reward ratio of this trade is relatively low, with the premium of several hundred thousand dollars being more suitable as an "extreme risk hedging accessory" in a portfolio rather than an independent speculative position. The quarterly delivery has just ended, and currently, major block trading is mainly focused on building and adjusting positions. This month, institutions have significantly strengthened their layout for put options, and large investors are not optimistic about this month's market, with a noticeable increase in deep out-of-the-money protective positions.