2025-12-31 16:26:39

A large trader on Deribit bought 3,000 BTC call options expiring on January 30, 2026, with a strike price set at $100,000, paying $2.86 million in premiums. In other words, this bet indicates confidence that BTC will break above $100,953.67 by the option expiration date.

From the data, the trader has already invested $2.68 million as an initial cost—this is a typical large bullish bet. But the question arises: if BTC's price does not exceed the strike price at expiration, this massive premium will face losses. Is this a New Year market surprise or a high-risk gamble? Given the current volatility in the BTC market, similar whale movements often reflect institutional expectations for subsequent market trends.

BTC1,35%

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MetaNomad

· 01-03 01:24

This guy really dares to do it, throwing 2.86 million just like that... But on the other hand, the $100,000 mark in January 2026 doesn't seem that far-fetched now. If there were insider information, they'd be making a killing; if not... let's pray haha. This whale's move feels like betting on a big rally to come, otherwise who would spend money burning without a reason? These days, daring to do this either means a big institutional background or you're a true gambler... I bet it's the former. It's already at this level and still dares to go all-in on a bullish view, you must really believe in it.

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MEVHunterWang

· 01-02 01:04

Unbelievable, $2.86 million bet to break through $100,000, this guy is really daring --- Whales are causing trouble again, over a span of two and a half years... there's something to it --- Putting in $2.68 million just to bet on a direction, this risk awareness is really calm --- Institutions are placing bets, while retail investors are still watching K-lines, the gap is indeed big --- Those who can pour so much money into options must have some information, right? Otherwise, what are they thinking? --- It took more than two years to break $10,000, this gamble doesn't seem so inevitable... --- If this order goes down the drain, someone will probably regret it --- Deribit’s traffic is up again, every time whales make a move, there's buzz

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FlyingLeek

· 01-01 17:08

2.86 million invested to gamble and break 100,000, this guy is really ruthless... If investing could double my money, I would also want to give it a try.

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StablecoinArbitrageur

· 01-01 00:35

honestly the implied vol on these jan '26 calls must be absolutely bonkers if they're paying 286m for 3k contracts... like have you actually run the numbers on what IV that prices in? cos ngl that's giving major panic buying energy not conviction

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ImpermanentTherapist

· 2025-12-31 16:56

Investing 2.86 million dollars, is this guy really not afraid... If it drops, just wait for liquidation.

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AirdropHunter420

· 2025-12-31 16:50

2.86 million dollars to buy calls... This guy really dares to do it. If it doesn't break 100,000, he'll lose everything. Such a big gamble.

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ponzi_poet

· 2025-12-31 16:50

2.86 million dollars invested just to bet on BTC breaking 100,000? This guy is really confident—either a genius or a fool.

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0xOverleveraged

· 2025-12-31 16:38

2.86 million USD just to gamble 100,000, this guy really dares to play.

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DaoTherapy

· 2025-12-31 16:26

Damn, $2.86 million betting on BTC breaking 100K, this guy really isn’t afraid of death You have to be extremely confident to do this, feels like he's hinting at something Is it a gambler’s mentality or insider information? I just can't figure it out $100,000 doesn’t sound too crazy... but this premium is indeed a bit intense Whales’ moves this time feel like they’re signaling us something Is there a high chance of $2.86 million evaporating? Has anyone calculated it? Isn’t this just a high-stakes gamble, going all-in since the beginning of the year? Wait, do they know something I don’t?

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