Whale bets 2.68 million on BTC breaking 100,000, now with an unrealized profit of 2.46 million

A whale address spent $2.68 million on January 1st to buy 3,000 BTC call options in one go. In just four days, this position has already realized a profit of $2.463 million. The option price has risen from the initial purchase price to 0.0195 BTC (about $1,813) per contract, with a return exceeding 90%. Behind this large options position reflects the whale’s strong bullish outlook on BTC’s future market.

Key Details of the Options Position

The core parameters of this trade are noteworthy:

• Purchase Date: January 1st
• Investment Amount: $2.68 million
• Number of Options: 3,000 contracts
• Strike Price: $100,000
• Expiration Date: January 30th (25 days remaining)
• Current Unrealized Profit: $2.463 million
• Per Contract Price: Rose from initial price to 0.0195 BTC (approximately $1,813)

This position’s return has exceeded 90%, making it a highly aggressive profit in the options market. The key point is that these options still have 25 days until expiration, theoretically leaving room for further gains.

Recent BTC Rise and Its Relation to Options Profitability

The rapid increase in the whale’s unrealized profit is closely related to BTC’s recent price performance. According to the latest data, BTC’s current price is $92,775.76, with recent gains as follows:

• 24 hours: +1.82%
• 7 days: +4.28%
• 30 days: +3.89%

Especially the 4.28% increase over the past 7 days provides strong support for this bullish options position. From January 1st to now, BTC’s price has risen, increasing both the intrinsic and time value of the options. This whale’s options strategy appears quite precise in a rising BTC environment.

Whale’s Intentions and Market Signals

Bullish Signal Strength

The whale’s decision to spend $2.68 million on bullish options on January 1st indicates several points:

1. The whale has considerable confidence that BTC will break $100,000 before January 30th.
2. The scale of the $2.68 million investment suggests this is not a small test but a sizable, confident position.
3. Choosing the January 30th expiration rather than a longer-term suggests the whale expects this rally to occur within a relatively short period.

Market Significance

BTC’s current market cap has reached $1.85 trillion, accounting for 58.44% of the market. In such a market size, the whale’s willingness to take a large bullish options position reflects an overall optimistic outlook for BTC’s future.

Risks and Outlook

While the unrealized profit is substantial, several risk points should be noted:

Time Factor

The options still have 25 days until expiration. Although the profit is significant now, the time value of options will decay as the expiration approaches. The whale might choose to close the position at an appropriate time to lock in profits.

Price Fluctuations

A strike price of $100,000 means BTC needs to continue rising to maximize gains. If BTC pulls back within the next 25 days, the unrealized profit could shrink.

Profit Potential

From $92,775 to $100,000, there’s about a $7,000 upside. Whether this increase can be achieved before January 30th will directly impact the final profit of this options position.

Summary

This whale’s options position reflects a strong bullish sentiment in the market. The $2.68 million investment and $2.463 million unrealized profit demonstrate the whale’s firm confidence that BTC will break $100,000. The recent 4.28% weekly increase supports this bullish strategy, but with 25 days remaining, future price movements should be closely watched. For market participants, this whale’s position can serve as a signal, but the high leverage characteristic of options also entails significant risks.