CoinVoice has recently learned that Lin Chen, the head of Deribit's Asia-Pacific business, posted on X stating that the largest ETH block options trade today involved a user paying $225,000 to purchase a call option with a strike price of $4,000, expiring on January 10th of next year, totaling 3,730 ETH.

Analysis indicates that the user is bullish, and will profit if the price at delivery is >$4,020. Due to low liquidity last night because it was Christmas, market volatility remains high, with the current DVOL volatility index at 73.6 and the ETH/BTC exchange rate at 0.0351.[Original link]