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Final week, a purchase order for 50,000 contracts of ether’s $400-strike worth put possibility expiring in June appeared on Deribit’s order e book, raising alarm bells within the crypto neighborhood. At press time, ether was priced round $1,300, so the put purchaser is anticipating a 69% slide in lower than six months. On Deribit, one ether choices contract represents one ETH.
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