http://Greeks.live The largest bulk option trading today is buying a BTC put option that expires on April 25th and has an exercise price of $60000 according to http://Greeks.live The cryptocurrency option block trading daily report released by macro researcher @ BTC_options shows that today's largest option block trading is buying a BTC put option that expires on April 25, 2025 and has an exercise price of $60000. Accumulated transactions exceed 1000 BTC, with a nominal face value of nearly 100 million US dollars. Deep virtual value refers to low-cost extreme risk hedging or high leverage speculation, and profits need to fall by more than 30% in the current situation. The risk return ratio of this transaction is relatively low, and a premium of tens of thousands of dollars is more suitable as an "extreme risk hedging accessory" in the portfolio, rather than an independent speculative position. The quarterly delivery has just ended, and currently the main bulk trading is still focused on building and adjusting positions. This month, institutions have significantly strengthened their layout of put options, and large investors are not optimistic about the market this month. There have been more protective positions with deep virtual value.