The cryptocurrency investor, who made a 3-fold profit from the Ethereum (ETH) option transaction, received a new transaction indicating that the rise will continue.
Cryptocurrency investor recently traded in Ethereum options markets $17 million attracted attention with the transaction. Greeks.live to your data According to this investor, March 29, 2024 in Ethereum futures options 3,000 units with a usage price of $2,800 by selling the option and getting the same number of 3,000 units with a usage price of $3,000 He made a total transaction of 17 million dollars by purchasing options.
Thanks to this transaction, the investor reduced his risk and made a profit by moving his position to a higher strike price while maintaining his expectation that the Ethereum price would rise.
The investor takes his first position at the beginning of the month. 200 thousand dollars opened at a cost of approximately 600 thousand dollars so worth 3 times profit is available. Despite this gain, the investor maintained his bullish attitude for Ethereum and at some point gave confidence to the market.