Bitcoin (BTC) Trader Bets $2.86 Million on 3,000 BTC Call Options at a $100,000 Strike with Deribit, Expiring January 30, 2026

On-chain analyst Ai Auntie, via ai_9684xtpa, reports a notable BTC bullish play on Deribit: a trader bought 3,000 BTC call options with a January 30, 2026 expiry and a $100,000 strike, spending roughly $2.86 million in premium. This sizable exposure underscores a constructive view on bitcoin over the coming years.

At expiry, the trade’s breakeven sits near $100,953.33 per BTC (strike plus premium per contract), implying the option would finish in the money only if BTC trades above that level. A close below the strike would render the premium at risk, effectively losing the full $2.86 million if held to expiration.

Deribit remains a central venue for crypto options trading, and such a large position may reflect strategic positioning by market participants rather than an immediate price forecast. Investors should monitor implied volatility and open interest around the Deribit calendar ahead of year-end liquidity shifts and macro developments.