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On-chain data shows that a large holder spent $2.68 million on January 1st to buy 3,000 BTC call options expiring on January 30th, with a strike price set at $100,000. This move clearly indicates a bet on the upside potential of Bitcoin.
In a short period, this options position has already yielded significant returns. The price of each option soared from the purchase price to 0.0195 BTC, equivalent to approximately $1,813 per contract, with an unrealized profit of over $2.46 million. Calculating the return, this trade's profit margin is quite substantial.
Such large-scale bullish options positioning typically reflects optimistic expectations from major institutions or experienced traders regarding the recent BTC market trend. After all, risking such a large amount at the beginning of January to buy call options must be backed by confidence in the market's upward movement.