BlockBeats News: On January 16, according to on-chain analyst Ai Yee (@ai_9684xtpa), a whale on Deribit 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 total premium paid amounted to $10.22 million (it is uncertain whether these purchases belong to the same individual, but the transactions occurred at very similar times). These trades represent a long position in BTC worth $353 million.
Whale Spends $10.22M to Buy $100K and $98K BTC Call Options
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Summary
On January 16, 2026, a whale on Deribit executed an aggressive options strategy by purchasing 1,300 BTC call options with a $100,000 strike price and 2,400 BTC call options with a $98,000 strike price. The options have expiration dates of February 27 and January 30, 2026, respectively. The whale paid a total premium of $10.22 million, effectively hedging a $353 million long BTC position. The trades were executed in rapid succession, but it remains unclear whether they were made by a single trader.
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