Deribit Asia Pacific Business Head Lin Chen posted on X that today's largest ETH block option trade was: a user paid 476,000 US dollars to purchase a call option for 3,400 US dollars expiring on January 3rd next year (next Friday), totaling 4,500 ETH.

The user is bullish, and will profit if the price at delivery is greater than 3,500. The current ETH price is fluctuating around 3,400, the DVOL volatility index is 75.17, and the greed index is 74 (greed), with the ETH/BTC exchange rate at 0.035.