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On-chain activity has picked up again. A whale has suddenly bought 1,300 BTC call options in the options market, targeting contracts expiring in late February 2026 with a strike price of $100,000. At the same time, they placed an order for 2,400 call options expiring at the end of January 2026 with a strike price of $98,000.
All these operations have cost a total premium of $10.22 million. Although it's not yet confirmed whether they come from the same wallet, the tight timing suggests it's very likely the same whale gradually building a position in multiple batches.
This move signals a clear message—institutions or large investors are hedging or betting on BTC breaking above $100,000 using options. The strike prices cover the $98,000 to $100,000 range, providing enough profit potential while leaving time to observe market reactions. If this premium eventually turns into real profits in the short term, it could trigger a chain reaction.