Deribit data: A user paid $211,000 to buy a $2600 ETH call option expiring at the end of May

ChainCatcher news, according to Lin, the head of Asia-Pacific business at Deribit, the Ethereum options market saw large transactions today: a trader paid $211,000 to buy 3,023 call options for $2,600 at the end of May, while selling 1,700 call options for $2,150 expiring on March 14 (next Friday).

Lin's analysis suggests that the trader may believe that the short-term upside for Ethereum is limited, but expects it to potentially break $2,600 before the end of May. Therefore, by selling short-term call options to raise funds, they aim to reduce the cost of long-term call options and position themselves for future upward movement at a lower cost.