Last week, a buy order for 50,000 contracts of ether’s $400-strike price put option expiring in June appeared on Deribit’s order book, raising alarm bells in the crypto community. At press time, ether was priced around $1,300, so the put buyer is expecting a 69% slide in less than six months. On Deribit, one ether options contract represents one ETH.
The Ether Trade That Made the Most Noise Last Week
