#Deribit Whales Bullish on ETH#
Hot Topic Overview
Overview
Two massive ETH call option trades have recently occurred on the Deribit platform. One saw a user pay $684,000 for 5,000 ETH call options expiring this Friday, January 24th, at a strike price of $3,350. The other saw a user receive $3,165,000 for purchasing January call options at a strike price of $105,000 while selling March call options at a strike price of $115,000, with a total of 925 BTC on either side of the trade. Both trades indicate strong bullish sentiment for ETH, with expectations that the price will break through $3,500 in the near term and potentially reach $115,000 by the end of March. Currently, ETH is trading around $3,250, with a DVOL volatility index of 73.4 and a Greed Index of 76 (Greedy). The ETH/BTC exchange rate is 0.0320.
Ace Hot Topic Analysis
Analysis
Two large ETH call option trades on Deribit platform recently, showing optimistic market sentiment towards ETH price. The first trade occurred on January 24th (this Friday), where a user paid $684,000 to purchase 5,000 ETH call options expiring this Friday with a strike price of $3,350. This indicates the user expects ETH price to break $3,350 before this Friday and will be profitable upon settlement. The second trade occurred in late January, where a user received $3,165,000 to purchase 925 BTC call options while selling 3-month $115,000 call options. This user expects price to break in the near future and can lock in profit at $115,000 in late March. Both trades show market optimism towards ETH price and reflect confidence in its future performance. Currently, ETH price is hovering around $3,250, with DVOL volatility index at 73.4, Greed Index at 76 (Greed), and ETH/BTC exchange rate at 0.0320.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit whales are bullish on ETH, expecting the price to break through $3350 in the near future
Whales bought $3350 call options expiring on January 24th (this Friday), totaling 5000 ETH
Whales expect ETH price to break through $3500 this Friday, at which point they will profit
The ETH market is currently in a state of greed, with the DVOL volatility index at 73.4