Deribit whale bets big with 3,000 BTC call options, betting on a breakthrough of $100,000

2025-12-31 13:40:11

Abstract generation in progress

【Crypto World】Market intelligence indicates that a large trader has quietly arranged a significant transaction on the Deribit platform—30,000 BTC call option contracts, with an expiration date set for January 30, 2026, and a strike price at the round figure of $100,000.

The cost of this transaction is substantial. The premium per contract is 0.0108 BTC, totaling approximately 32.4 BTC, which is roughly equivalent to $2.86 million at current prices. In terms of scale, this clearly suggests involvement by institutional-level or seasoned players.

It is worth noting that the implied volatility of this contract is as high as 41.8%, indicating that the market’s pricing for future BTC volatility remains quite cautious. For the holder, the breakeven point is very tight—the BTC price must surpass $100,953.67 at expiration to turn a profit. In other words, if the price stays below $100,000, the $2.86 million premium will be lost entirely.

This configuration reveals a strong bullish attitude from traders regarding BTC in early 2026, but the risk is concentrated and the position is heavy. The market’s direction will ultimately determine the final gains or losses of this option position, depending on spot performance.

BTC-1,34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

degenonymous

· 2h ago

Wow, 2.86 million USD just to gamble on a $100,000 milestone? This guy really isn't short on money.

View OriginalReply0

SwapWhisperer

· 3h ago

$2.86 million bet on $100,000? This guy's really got guts... But with an implied volatility of 41.8%, the market is actually saying "don't be too optimistic." It's a solid institutional-level gamble. There's still time until 2026, but you need to break $10,953 to break even... Are you really optimistic or just trying to take a shot?

View OriginalReply0

0xDreamChaser

· 3h ago

2.86 million bets 100,000 at an integer threshold, this guy really dares... But there's still time until 2026, breaking 100,000 in BTC shouldn't be difficult, right?

View OriginalReply0

LiquidityWitch

· 3h ago

Whoa, 2.86 million to gamble $100,000, this guts is really incredible --- Volatility 41.8%? That indeed shows our market is still very timid --- Must break 953,000 to break even, this critical point is set too harshly --- Matures only in 2026, this guy is really betting on BTC's future --- Institutional or retail? Dare to spend 2.86 million on this, I can only say I bow in admiration --- How likely is it to break 100,000? Honestly, no one can say for sure --- A premium of 32.4 Bitcoins, you must be very optimistic about BTC to dare do this --- The strike price is at an integer threshold, there's a lot of knowledge involved here --- Implied volatility so high yet still going all-in, truly a gambler's mentality

View OriginalReply0

AirdropHunter420

· 3h ago

Is 100,000 dollars really far for BTC? It doesn't seem that difficult...

View OriginalReply0

GetRichLeek

· 3h ago

Holy shit, 2.86 million USD betting 100,000? This dealer really dares to play. I bet five bucks—this is another signal of a big player cutting the leeks on the eve of a pump. Wait... implied volatility at 41.8%, the market is so cautious? Something's off. It feels like someone is bottom-fishing and going long. Damn it, I'm about to FOMO again. If BTC breaks 100,000, I'll lose everything. Is history repeating itself?

View OriginalReply0