Large volume of BTC call options at $3200 for the end of August were purchased on Deribit

Deribit's Asia-Pacific business head, Lin Chen, posted on platform X stating that a user has purchased call options for $3200 at the end of August, totaling 5000 ETH and paying a premium of $1.43 million. He stated that this indicates the option user believes that the recent approval of spot ETFs will drive market sentiment and push up prices. If the price exceeds $3500 at expiration, they will profit. The current market consensus is that Ethereum's spot ETF will be approved as early as this week.