Quote from: Nathanael_ on February 04, 2014, 11:43:31 PM

I believe they are. It looks like someone is betting 5000 BTC (4 million USD) that the price will be going DOWN..please correct me if I'm wrong, because I think this is a big deal.

Here is some ppl taking about it on IRC: http://log.bitcoin-assets.com/?date=04-02-2014#479318

I have no idea what apex is and I guess that big list of figures can just be a big pile of turd....

....but if the figures are legit and relate to actual put options, then I guess there is a whole pile of Bitcoin related money hedging their positions and/or speculating on Bitcoin going down.

Quote from: billyjoeallen on February 04, 2014, 11:51:18 PM

You do realize that a whale planning to buy thousands of BTC would put in exactly this type of put option to hedge his position, right?

Go back over your post history and show me one time that you have actually been right since Bitcoin went into reverse and the '2 da moon' calls stopped cutting it. Although I can't honestly say that I can decipher what the fuck these 'orders' actually entail from the information I have, the fact that you reckon it's all whales hedging themselves before they go on a massive Bitcoin buying spree, makes me think it is far more likely to be those in the know, hedging against a massive fall in the price of Bitcoin.