According to Deribit Asia-Pacific executive Lin Chen, a trader invested over $2 million in short-term $98,000 Bitcoin call options, signaling confidence in a near-term price rally.
Deribit Asia-Pacific executive Lin Chen reported that a single investor paid approximately $1.14 million per trade to acquire January $98,000 Bitcoin call options in two consecutive transactions. The purchases totaled 1,200 BTC nominal for each trade, amounting to 2,400 nominal BTC call options and a combined investment exceeding $2 million. The trades indicate a strong short-term bullish outlook from the buyer ahead of the January expiry.