A user bought 6,000 ETH put options when ETH fell below $4,300 in the early morning, and expected to incur a loss.

A user bought 6,000 ETH put options worth $174,000 when ETH fell below $4,300 early in the morning. With only half an hour until the option is exercised and ETH holding steady at $4,300, the user is likely to incur a loss.