According to TechFlow, on May 20, Deribit's Asia-Pacific Business Head Lin revealed the largest Bitcoin options trade on the Deribit platform today as follows:
An investor simultaneously bought put options on Bitcoin expiring on June 27 with a strike price of 105 thousand USD, and sold put options expiring on September 27 with the same strike price of 105 thousand USD. The one-sided trade size was 236 Bitcoins, generating a premium income of 1.19 million USD.
Lin analyzed that this trading strategy may indicate the investor expects a short-term market pullback, but anticipates lower volatility and more stable price performance in the third quarter.

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According to TechFlow, on May 20, Lin, the head of Deribit Asia-Pacific business, revealed the largest Bitcoin options trade on the Deribit platform today as follows:
An investor simultaneously bought put options on Bitcoin expiring on June 27 with a strike price of 105,000 USD, and sold put options expiring on September 27 with the same strike price of 105,000 USD. The one-sided trade size was 236 Bitcoins, generating a premium income of 1.19 million USD.
Lin analyzed that this trading strategy may indicate the investor expects a short-term market pullback, but anticipates reduced volatility and more stable price performance in the third quarter.
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Today's Deribit Block Option Trade: An investor bought June and sold September Bitcoin put options worth 105 thousand USD.