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Deribit Exchange Sees $2M Bullish Bet on ETH Hitting $3.4K by June Expiry
Deribit Exchange Sees $2M Bullish Bet on ETH Hitting $3.4K by June Expiry
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Deribit exchange News -
A major bullish position has emerged on Deribit, with a trader investing over $2 million to purchase 61,000 ETH call options expiring June 30. The contracts have strike prices of $3,200 and $3,400, indicating expectations of a 30% price increase from current levels NEAR $2,460. This aggressive move highlights growing institutional confidence in Ethereum's upside potential.
The trade aligns with renewed analyst Optimism fueled by protocol upgrades and anticipation of new ETH-based financial products. Deribit data confirms this as one of the largest concentrated bullish wagers in recent weeks, where the premium paid represents maximum loss if the anticipated rally fails to materialize by expiration.
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