The market has strengthened, the BTC & ETH options bulk market is extremely active, and large investors have begun to diverge.

Yesterday's largest single ETH block transaction was a roll position with a nominal value of US$17 million. It sold 3,000 ETH-29MAR24-2800-C and bought 3,000 ETH-29MAR24-3000-C, continuing to go long. Ethereum.

According to the bulk orders we tracked on Twitter before, the opening cost of this position at the beginning of the month was about US$200,000. Through this rollover, the large investor successfully recovered the principal and left three times the principal in profit to continue to retain the long order.