According to a PANews report on December 31, citing Ai Yi, a trader on Deribit has purchased 3,000 BTC call options (CALL) with an expiration date of January 30, 2026, and a strike price of $100,000. Each option has a premium of 0.0108 BTC, totaling approximately 32.4 BTC (currently around $2.86 million). The implied volatility of the contract is about 41.8%. To make a profit by holding the options until expiration, the BTC price would need to exceed $100,953.67; otherwise, if it falls below $100,000, the entire investment would be lost.
Trader Spends $2.86M to Buy BTC Call Options with $100,000 Strike Price on Deribit
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Summary
A trader spent $2.86 million to purchase 3,000 BTC call options with a $100,000 strike price on Deribit. These options, set to expire in January 2026, require the BTC price to rise above $100,953.67 to generate a profit. The current implied volatility is at 41.8%. BTC dominance remains a key factor, as large positions like this reflect bullish sentiment. The trade cost 32.4 BTC, and a loss is likely if Bitcoin fails to reach the target price.
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