Trader Invests $402,000 in Bullish ETH Call Option, Signaling Optimism for Future Price Surge

On October 9, COINOTAG reported that the Asia Pacific Business Director of Deribit revealed significant activity in the Ethereum options market. A trader has made a substantial investment of $402,000 to acquire a $3,000 call option set to expire in March of next year, amounting to a total of 1,500 ETH. This transaction highlights a forward-looking bullish sentiment as the trader anticipates an upward trajectory for ETH in the long run. Presently, the market’s greed index stands at 49, indicating a neutral sentiment with no clear bullish or bearish lean. As of now, Ethereum’s price is hovering around $2,400. Should the value exceed $3,350 by the expiration date, the trader stands to realize notable profits, emphasizing the strategic moves within the evolving crypto landscape.