BTC block options on Deribit buy $65,000 call options on the day the US election ends

Odaily News Lin Chen, head of Asia Pacific business at Deribit, said in a post on X that today’s largest BTC option: a user purchased a 65,000 call option on November 8 (the end date of the US election), totaling 150 BTC, and paid a premium of 625,000 US dollars. The user is bullish on BTC in the long term and expects a wave of good news to be released before and after the election. If the price is higher than 69,700 US dollars at the time of delivery, it will be profitable.