#Institutions are buying large amounts of ETH call options.#

Institutional investors have recently displayed strong bullish sentiment in the cryptocurrency options market. According to Lin Chen, Head of Business Development APAC at Deribit, the largest bulk trades on the Deribit platform today were for bullish options on both BTC and ETH. One user spent $3,165,000 to purchase BTC call options with a strike price of $105,000 expiring at the end of January, while simultaneously selling BTC call options with a strike price of $115,000 expiring at the end of March, for a total of 925 BTC. This user expects BTC to break through its current price level soon and close out their position at $115,000 by the end of March. Another user spent $684,000 to purchase ETH call options with a strike price of $3,350 expiring on January 24th (this Friday), for a total of 5,000 ETH. This user expects ETH to break through $3,500 by this Friday, thus generating a profit. Currently, ETH is trading around $3,250, with the DVOL Volatility Index at 73.4 and the Greed Index at 76, indicating a generally optimistic market sentiment. The significant buying of bullish options by institutional investors suggests that they are optimistic about the future direction of the cryptocurrency market and expect prices to continue rising.