Seeing that Yili Hua bought 60,000 Ethereum call options on June 27, I took a closer look at the open interest on that day and found that there was a huge amount of open interest for strike prices above 3000. Are the whales that confident?

That being said, many people who can't stand getting off Ethereum below 2000 shouldn't worry; once Ethereum rises above 3000, you will get back in.