Deribit’s Asia-Pacific business manager, Lin Chen, announced in a post on X that the largest ETH bulk options trade today was a user paying $225,000 to buy 3,730 ETH call options with a strike price of $4,000 expiring on January 10th next year. Analysis suggests that the user is bullish and will profit if the delivery price is above $4,020. Due to low liquidity on Christmas night, the market is still volatile, with the current DVOL volatility index at 73.6 and the ETH/BTC exchange rate at 0.0351.