Major BTC Options Trade Highlights Market Volatility Expectations

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, announced on X that the largest BTC options trade today involved a user purchasing both put and call options for $70,000 by the end of the year. The transaction involved a total of 100 BTC, costing $1.269 million. Analysts suggest that the user anticipates significant market volatility following the conclusion of the elections and the inauguration of a new leader. The current DVOL volatility index stands at 55.77 and is expected to rise as the election approaches.