Two whales that bought Bitcoin call options will incur a loss of $8.2 million in premiums if they do not close their positions in advance

According to on-chain analysts, a certain whale previously bought 3,000 expiring call options for BTC with a strike price of $100,000, paying a total premium of $2.86 million. Another whale bought 1,300 expiring call options for BTC with a strike price of $100,000, as well as 2,400 expiring call options for BTC with a strike price of $98,000, totaling a premium payment of $10.22 million.

This afternoon at four o'clock marks the first monthly expiration date after the annual settlement. If these two large holders do not close their positions early, they will incur a loss of $8.2 million in premiums.