Large volume of ETH options purchased on Deribit with a bullish view towards $5000 by the end of the year
Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest ETH block option was purchased by someone for $2.226 million. They bought a call option with a strike price of $5000 due at the end of the year, totaling 4000 ETH. According to his analysis, this person is strongly bullish and believes that the price will break through $5880 (the breakeven point) by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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