There is a noticeable concentration in Ethereum call options expiring on Deribit on February 23, with a strike price of $2,500.

TechFlow news, according to The Block data, January saw record-high trading volume in Ethereum options. The total trading volume of Ethereum options in January surged to nearly $20 billion, with approximately $15 billion coming from activity on the Deribit derivatives exchange.

On Deribit, Ethereum call options expiring on February 23 are heavily concentrated at a strike price of $2,500. There are over 74,548 open call contracts, representing a notional value of approximately $172 million.