Large BTC Options Trade Highlights Market Dynamics

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, shared insights on X regarding a significant Bitcoin options trade. A user paid $984,000 in premiums to purchase call options for 400 BTC, set to expire on January 10 this year. The strike price for these options is $96,000. Chen analyzed that due to the holiday season, market liquidity is currently low, causing Bitcoin prices to fluctuate between $94,000 and $95,000. He anticipates a potential market recovery as activity resumes next week.