ETH Major Options Trading Erupts! $225,000 Bet on $4,000 Call, Key Battle on January 10, 2024 Begins!
Lin Chen from Deribit Asia-Pacific revealed today that an investor has made a bold bet on ETH's future, paying $225,000 to purchase $4,000 call options expiring in January next year, totaling 3,730 ETH. This means that if the ETH price exceeds $4,020 by then, this trade will be profitable!
The current market is highly volatile, with the DVOL volatility index reaching 73.6, and liquidity is low during the Christmas period, with the ETH/BTC exchange rate at 0.0351 — suggesting that we are about to enter a consolidation phase. The massive bet shows that market participants are confident about ETH's future, but one must also be wary of the potential risks of sharp market fluctuations.
This huge bet is definitely not a trivial matter; the delivery point on January 10, 2024, will become a significant turning point for ETH's price trajectory. If it breaks through the $4,000 barrier, ETH could welcome a new bull market. Conversely, if the market reverses, short positions will also retaliate vigorously!
Understanding market rhythms is the beginning of controlling wealth! Follow Old Tan closely, plan ahead, and let the next peak belong to your account! Keep an eye on Old Tan, and never let opportunities slip away!
