Option position worth more than $125 million includes 2 orders.

An order will expire at the end of this year, and will cause the position owner to start losing money if $BTC exceeds $116k. Because that's when they have to perform contracts with other parties.

But the remaining command is what we need to pay attention to...

With a maturity date of September, the next order is 3 months earlier than the first order and will need to be processed before the first order.

With this second order, the position owner only profits when... $BTC from...117k or more, even lower is a loss

In short, this Whale expects that $BTC will reach more than 110k before the end of the third quarter of this year, and there is a possibility that at the end of the year there will be a correction to below 105k.