Deribit: A certain user purchased call options with a strike price of $3,800 at the end of the year, totaling 10,000 ETH

CoinVoice has recently learned that Lin Chen, the head of Asia-Pacific business at Deribit, stated that a certain user paid $1.714 million to purchase call options with a strike price of $3,800 at the end of the year, totaling 10,000 ETH. Currently, the ETH price has rebounded to around $3,300, and if the price exceeds $4,000 at expiration, the investor will realize a profit.[Original link]