A cryptocurrency whale has secured a floating profit of $2.463 million from Bitcoin call options on the Deribit exchange. The whale had purchased 3,000 call options with a strike price of $100,000, set to expire on January 30, for a total premium of $2.86 million. The current profit is contingent on the whale's decision to hold or sell before expiration. If Bitcoin's price does not exceed $100,953.67 by the expiration date, the whale risks losing the entire premium paid.
Whale Nets $2.46M Profit from BTC Call Options on Deribit
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