#Whale buys call options#

Recently, the cryptocurrency market has seen a phenomenon of whales buying call options, attracting market attention. According to data revealed by Lin Chen, Head of Asia Pacific Business at Deribit, on the social platform X, the largest bulk trades on Deribit today were for call options on both BTC and ETH. One user purchased 10.5万美元 BTC call options expiring at the end of January for $3.165 million, while simultaneously selling 11.5万美元 call options expiring at the end of March, totaling 925 BTC. This move suggests an expectation that the price will continue to rise in the near term and reach a profit target of 11.5万美元 by the end of March.Another user bought 3350美元 ETH call options expiring on January 24th (this Friday) for $684,000, totaling 5000 ETH. If the price is above 3500美元 at the time of settlement, the user will profit.These actions by whales buying call options indicate their optimistic outlook on the future of the cryptocurrency market, predicting continued price increases. However, it is important to note that the market has also experienced some recent pullbacks. For example, Trump's inauguration speech did not mention cryptocurrency, and the executive order did not address the crypto space, leading to short-term market corrections. Therefore, investors should carefully evaluate market risks and make informed investment decisions based on their own circumstances.