Three weeks to make a fortune or lose everything? Someone is betting $2 million on Ethereum surging 30%!
Fresh and hot news from the crypto world: Just today, a very bold trader pulled out over $2 million in cash on Deribit as a 'ticket' to buy a whopping 61,000 Ethereum call options!
What is this guy betting on? He’s betting that the price of Ethereum will rise above $3,400 by the end of the month! It’s worth noting that the current price of Ethereum is around $2,460, which means he’s betting that in just three weeks, Ethereum will surge over 30%! This ambition is quite large.
A 30% increase in three weeks is almost a myth in the stock market. In the highly volatile crypto market, it may seem like an opportunity, but the accompanying uncertainty is also enormous. That $2 million could very well turn into 'tuition fees.' This is the thrilling and brutal nature of leveraged/options trading: either make a huge profit or watch your principal vanish into thin air.
Someone is really putting $2 million on the line, betting on Ethereum surging 30% in three weeks! This reflects some large funds' aggressive optimism but also exposes the unique high-risk gambling culture of the crypto world. Ordinary players should just enjoy the spectacle and not get carried away with reckless betting. The market has its own temperament; it's not something anyone can 'buy' with money to dictate the trend. In the end, will it be success or failure? We will find out by the end of the month, but the $2 million 'ticket' has already been spent.
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