What does it mean for a whale to buy ETH options?
Between September 17 and 18, a giant whale actively bought nearly 92,600 Ethereum (ETH) call options on the crypto options exchange Deribit, with a nominal value of approximately US$150 million, and it was a single operation with no other hedges. The operation seems to have clear bullish expectations.
Buying a call option gives the buyer the right to purchase the underlying asset at a predetermined price in the future within the validity period specified in the agreement (a premium is required).
Usually this means that buyers are optimistic about the future market and have expectations for the underlying asset to rise.