Large volume of BTC put options at $54,000 for the end of July were purchased on Deribit, possibly due to concerns about the impact of tonight's CPI data on the market

Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest BTC block option is: someone paid a premium of $302,000 to purchase put options for $54,000 at the end of July, totaling 310 BTC. According to analysis, this person is bearish in the short term and may be worried about tonight's (Thursday) 8:30 PM (UTC+8) CPI inflation data being too high, causing market panic due to further delay in interest rate cut expectations.