On January 5th, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, the whale who previously bought 3,000 BTC call options expiring on January 30th with a total value of $1 million 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, it will lose the entire $2.86 million premium. Alternatively, the whale can take profit early at any time if BTC rises.
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Trader with a $100,000 Bitcoin call option has an unrealized profit of $2,463,000
On January 5th, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, the whale who previously bought 3,000 BTC call options expiring on January 30th with a total value of $1 million 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, it will lose the entire $2.86 million premium. Alternatively, the whale can take profit early at any time if BTC rises.