Deribit's bulk trade today: A user sold 685 BTC worth of $65,000 call options expiring at the end of September

BlockBeats reports that on August 17, according to data released by Deribit officials: the largest BTC bulk options trade of the day was made by a user who sold bullish options for $65,000 at the end of September, totaling 685 BTC and earning an option premium income of $1.349 million.

They indicated that this user likely holds a large amount of BTC spot assets and earns profits by selling call options. If the price is less than $67,000 at expiration time, they will profit with a coin-based return reaching 3.7% (annualized approximately 28.73%).