The largest ETH block option purchased on Deribit today is a call option for $3200 at the end of August

Deribit's Asia-Pacific business head, Lin Chen, disclosed on platform X that today's largest ETH bulk option was a trader buying bullish options of $3200 at the end of August for a total of 5000 ETH, paying a premium of $1.43 million. This indicates that the trader believes that the recent approval of spot ETFs will drive market sentiment and push up prices. If the price exceeds $3500 at maturity, it will be profitable. The consensus is that ETF could pass as early as this week, and its approval is expected to bring about a market wave.