According to ChainCatcher, market sources reported that a whale address purchased 1,300 BTC call options with a strike price of $100,000 and an expiration date of February 27, 2026, as well as 2,400 BTC call options with a strike price of $98,000 and an expiration date of January 30, 2026. The address paid a total of $10.22 million in premiums, with a notional value of $353 million. The leverage of this trade is 35 times.
Whale Pays $10.22M Premium to Purchase $353M BTC Call Options
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Summary
A whale has executed an aggressive options strategy, spending $10.22 million in premium to buy BTC call options. The trade includes 1,300 contracts with a $100,000 strike price expiring on February 27, 2026, and 2,400 contracts with a $98,000 strike price expiring on January 30, 2026. The total notional value is $353 million, with 35x leverage. The move highlights a high-conviction options trading approach as the whale positions for a long-term Bitcoin rally.
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