A whale heavily bought $98,000 BTC call options expiring at the end of January, betting on a short-term sharp rise

Odaily News According to a post on X by Lin Chen, Head of Business Development for Asia Pacific at Deribit, a large block options trade occurred in the market today. A user executed two trades, paying a premium of approximately $1.14 million each, totaling the purchase of 2,400 BTC notional value in call options with a strike price of $98,000 expiring at the end of January.