Major ETH Options Trade Highlights Bullish Sentiment

According to BlockBeats, on October 9, Deribit's Asia-Pacific business head revealed a significant ETH options trade. A trader paid $402,000 to purchase call options for March next year, with a strike price of $3,000, totaling 1,500 ETH. This forward-looking call option indicates the trader's optimism about ETH's long-term performance. Currently, the market's greed index stands at 49, indicating a neutral sentiment with no clear bullish or bearish trends. ETH's price remains around $2,400. For the trade to be profitable, ETH's price needs to exceed $3,350 at expiration.