Deribit Bulk Options: A user paid 1.861 million USD to buy a call option of 100,000 USD due at the end of April

ChainCatcher reports, according to Lin Chen, the head of Deribit's Asia-Pacific business, a large Bitcoin options trade was completed on the Deribit exchange.

An investor paid $1.861 million in premiums to purchase call options for 250 Bitcoins at an exercise price of $100,000, which will expire at the end of April. If the price of Bitcoin exceeds $108,000 by expiration time, they can make a profit. Currently, the price of Bitcoin is around $98,000.