A user bought a $65,000 put option at the end of the year, totaling 425 BTC

Deribit's head of Asia-Pacific business said that in today's largest BTC option transaction, a user bought a year-end $65,000 put option, totaling 425 BTC, and paid a premium of $2.108 million. The price was lower than $60,000 (break-even point) at the time of delivery, which was a profit. He said that the current BTC price has risen to around $67,000, and the user is likely to be a miner or is pledging tokens to borrow stablecoins, and hedging is needed to ensure the minimum selling price of $65,000.