According to Golden Finance, Lin, head of Deribit Asia Pacific business, posted on X platform that the largest block options for ETH today are: an investor purchased a put option of $2,200 at the end of March, totaling 10,000 ETH and paid a premium of $1.249 million. Analysts believe that the order was to reduce positions, that is, close the put options sold previously, and there is a high probability that the options will stop losses in advance. It is estimated that they will go to the spot market to buy ETH to build positions.