Deribit BTC block options buy $120,000 call options at the end of March next year

Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest BTC option today: someone bought a $120,000 call option at the end of March next year (expiration strike price), totaling 375 BTC, and paid a premium of $1.046 million. According to his analysis, this person is bullish in the long term and believes that by the end of March next year, the price of BTC will rise sharply. From the perspective of previous bull market cycles, the Q3 stage of the second year of the bull market is always a critical period for the rise. The volatility is low during the summer vacation, the option price is cheap, and the spot price breaking $60,000 is a good opportunity to build a position.