On Deribit, 1000 ETH bulk options were purchased for a December 20th $3650 call option
Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that today's largest ETH bulk options trade was: a user purchased a bullish option for December 20th at 3650, totaling 1000 ETH, and paid about $225,000 in premiums. This indicates that the user is still optimistic that ETH can make an upward breakthrough in early December. Currently, ETH has been fluctuating around 3550 and will be profitable if the price exceeds 3900 at maturity.
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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