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A Trader Spends $2.86 Million to Buy $100,000 Bitcoin Call Option

A Trader Spends $2.86 Million to Buy $100,000 Bitcoin Call Option

BlockBeats News, December 31st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a trader bought 3000 contracts of 2026 January 30th expiry call options with a $100,000 strike price on Deribit, spending a total of $2.86 million in premium.

If held to expiry, a loss would occur if BTC did not exceed $100,953.67 that day, and a full loss of $2.86 million would occur if it did not exceed $100,000. (Of course, you can also take profit at any time if BTC rises)

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