Gate 2025 Year-End Community Festival on January 5th. According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who previously bought 3,000 BTC call options expiring on January 30th with a total value of $1 million on Deribit has now realized a profit of $2.463 million, having spent a total premium of $2.86 million.
If the whale holds until expiration and BTC does not exceed $100,953.67 on that day, they will lose the entire $2.86 million premium. They can also take profit early at any time if BTC rises.
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Gate 2025 Year-End Community Festival on January 5th. According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who previously bought 3,000 BTC call options expiring on January 30th with a total value of $1 million on Deribit has now realized a profit of $2.463 million, having spent a total premium of $2.86 million.
If the whale holds until expiration and BTC does not exceed $100,953.67 on that day, they will lose the entire $2.86 million premium. They can also take profit early at any time if BTC rises.