#User sells BTC options.#

Recently, there has been a surge in users selling BTC options in the market. Among them, the most eye-catching trade was a boss selling put options of $105,000 and call options of $110,000 at the end of March on the Deribit platform, a total of 137.5 BTC, earning $2.362 million. The transaction is considered to be shorting volatility, with a profit range of $88,000-$134,000, a coin-based return of 17.55% (annualized about 97.1%). The boss believes that with Trump taking office, the bullish news will be digested, and the market will gradually calm down, with the current price hovering around $105,000.In addition to BTC options, ETH options are also attracting attention. Some users paid $310,000 to buy call options expiring at the end of January at $3,300, a total of 2,000 ETH, going long on ETH. The market is still in a FOMO state, with the DVOL volatility index still at a high level of 70.85, the greed index reaching 84 (extremely greedy), and the ETH/BTC exchange rate continuing to fall to 0.0314.Overall, the phenomenon of users selling BTC options reflects a cautious attitude towards future price trends. Some users believe that market volatility will decline, so they choose to sell options to generate profits. However, the market remains in a high volatility state, and investors need to be cautious in their operations to avoid risks.