On Deribit, a large amount of ETH options were purchased for the end-of-year bullish option at $3800, totaling 10,000 ETH

Deribit's Asia-Pacific Business Head, Lin Chen, posted on X stating that today's largest ETH bulk option is: a certain user paid a premium of 1.714 million US dollars to purchase a call option at $3800 by the end of the year, totaling 10,000 ETH.