Large volume of ETH options purchased on Deribit with a bullish view towards $5000 by the end of the year
Bitget2024/06/06 06:56
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that today's largest ETH block option was purchased by someone for $2.226 million. They bought a call option with a strike price of $5000 due at the end of the year, totaling 4000 ETH. According to his analysis, this person is strongly bullish and believes that the price will break through $5880 (the breakeven point) by the end of the year.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$80,364.21
+3.98%
Ethereum
ETH
$2,427.92
+6.33%
Tether USDt
USDT
$0.9991
+0.06%
BNB
BNB
$718.11
+2.75%
XRP
XRP
$1.31
+3.01%
USDC
USDC
$0.9999
+0.03%
Solana
SOL
$96.68
+3.97%
TRON
TRX
$0.3200
-0.75%
Zcash
ZEC
$1,311.27
+9.99%
Hyperliquid
HYPE
$85.91
-0.33%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now