TechFlow news, January 21 — According to data disclosed by Lin Chen, Head of APAC Business at Deribit, on the X platform, today's largest block trades for both BTC and ETH options on Deribit were bullish calls. Details are as follows:
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BTC: A user received $3.165 million to purchase a January-end call option at 105,000, while simultaneously selling a March-end call option at 115,000, totaling 925 BTC on a single-leg basis. This is a bullish trade, indicating the user expects prices to rise further in the near term, with a profit target of $115,000 by end of March.
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ETH: A user paid $684,000 to purchase 5,000 ETH worth of call options at $3,350, expiring this Friday, January 24. This is a bullish long position. The trade becomes profitable if the settlement price exceeds $3,500. Currently, ETH is trading around $3,250 with oscillating momentum. The DVOL volatility index stands at 73.4, greed index at 76 (greedy), and the ETH/BTC exchange rate is 0.0320.
