### Whale buys ETH call options#

Recent activity in the cryptocurrency options market suggests strong bullish sentiment from large institutional investors (whales). According to data shared on X platform by Lin Chen, Deribit’s Asia Pacific Head of Business, the largest institutional trades on Deribit today were both bullish options contracts for BTC and ETH.One user purchased 925 BTC worth of call options with a strike price of $105,000 expiring at the end of January for $3,165,000 and sold 925 BTC worth of call options with a strike price of $115,000 expiring at the end of March. This indicates an expectation that BTC will break through its current price and reach $115,000 by the end of March, where the user will be able to lock in profits.Another user purchased 5,000 ETH worth of call options expiring this Friday, January 24th, with a strike price of $3,350 for $684,000. This suggests an expectation that ETH will reach $3,500 by Friday, allowing the user to profit. Currently, ETH is trading at around $3,250 with a DVOL Volatility Index of 73.4 and a Greed Index of 76 (Greed). ETH/BTC exchange rate is 0.0320.These whale purchases of bullish options contracts indicate that these large institutional investors are optimistic about the future of the cryptocurrency market and anticipate price increases in the near future.