BTC Options Block Daily Report Today's Largest Block Today's largest options Block trade was the purchase of BTC puts expiring April 25, 2025, with a strike price of 60,000, accumulating more than 1,000 BTC, with a notional face value of nearly 100 million, and a deep fictional value for low-cost extreme risk hedging or highly leveraged speculation, with earnings required to fall by more than 30% in the current situation. The risk-return ratio of this transaction is low, and the premium of more than 100,000 U.S. dollars is more suitable for “extreme risk hedging accessories” in the portfolio rather than independent speculative positions. More Block Trades Quarterly delivery has just ended, the main block trading is still mainly to build positions, this month, institutions obviously strengthened the layout of put options, Block is not optimistic about the market this month, the protective position of the depth of the defalcation has become more obvious