A large-scale options user on Deribit bought put options for $61,000 on August 9th, totaling 250 BTC

Deribit's Asia-Pacific business head, LinChen, posted on platform X stating that a user has purchased put options for August 9th (this Friday) at $61,000, totaling 250 BTC and paid a premium of $916,000. The user believes the price will continue to fall by this Friday's expiration date. The current price has already dropped to $54,600. The most significant reason for this decline is the potential economic or trading recession in the United States causing intense market panic.