According to Wu, the BTC and ETH options market is active, but big players are beginning to diverge. Yesterday, the largest single ETH transaction was a roll with a nominal value of $17 million, selling 3,000 ETH-29MAR24-2800-C and buying 3,000 ETH-29MAR24-3000-C to continue to be long on Ethereum; the opening cost of this position at the beginning of the month was about $200,000. Through this roll, the principal was recovered and the profit of three times the principal was left to continue to hold the long position.