Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit’s order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off if the ether price slid 69% in less than six months. On Deribit, one ether options contract represents one ETH.

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• Source: https://www.coindesk.com/markets/2023/01/09/crypto-markets-today-big-options-trade-in-ether-market-would-profit-from-69-price-slide/?utm_medium=referral&utm_source=rss&utm_campaign=headlines