According to Odaily Odaily, Lin Chen, Head of Business Development for Asia Pacific at Deribit, posted on X that a large options transaction occurred in the market today. A user made two separate transactions, each paying approximately $1.14 million in premiums, to purchase a total of 2,400 BTC in notional call options for the end of January at $98,000.
A whale held a large position of $98,000 in BTC call options at the end of January, betting on a significant short-term price increase.
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