Two Whales Who Bought Bitcoin Call Options Could Lose $8.2 Million in Premiums If Not Closed Early

Odaily News According to on-chain analyst Ai Yi's monitoring, a whale previously purchased 3,000 call options on Deribit expiring on January 30, 2026, with a strike price of $100,000 for BTC, paying a total premium of $2.86 million. Another whale bought 1,300 call options expiring on February 27, 2026, with a strike price of $100,000 for BTC (premium $4.878 million), and 2,400 call options expiring on January 30, 2026, with a strike price of $98,000 for BTC (premium $5.35 million), cumulatively paying a total premium of $10.22 million. Today at 4 PM is the first monthly settlement day after the annual settlement. If these two large holders do not close their positions early, they will lose $8.2 million in premiums.