#Deribit whales buy ETH options#
Hot Topic Overview
Overview
Recently, there have been instances of large-scale ETH option purchases on the Deribit exchange. The largest transaction involved a user paying $684,000 for 5,000 ETH call options expiring on January 24th (this Friday) with a strike price of $3,350. This user anticipates ETH to surpass $3,350 by Friday and potentially reach even higher prices in the future. Currently, ETH is trading around $3,250, exhibiting a volatile range. The DVOL volatility index stands at 73.4, and the Greed Index is at 76, indicating a generally optimistic market sentiment.
Ace Hot Topic Analysis
Analysis
Two large ETH option buy trades have recently occurred on the Deribit platform, both of which are call options. The first transaction occurred on January 24th (this Friday), where a user paid $684,000 to buy call options for 5,000 ETH with a strike price of $3,350. The user expects ETH to break through $3,350 by this Friday, thus profiting. The second transaction occurred at the end of January, where a user paid $3.165 million to buy call options for 925 BTC with a strike price of $105,000, while simultaneously selling call options for March with a strike price of $115,000. The user expects BTC to break through $105,000 in the near future and take profits at $115,000 by the end of March. Both of these transactions indicate that the market is optimistic about the future trend of ETH and BTC, expecting prices to continue to rise.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale buys ETH call options, expecting ETH price to break through $3350 in the short term.
Whale bullish on ETH, expecting ETH price to exceed $3350 on Friday (January 24th).
Whale is optimistic about the ETH market and believes that the ETH price will continue to rise.
Whale leverages through options trading to amplify returns.