Massive $6,500 Ether (ETH) Call Options Fuel Bullish Sentiment on Deribit Exchange

A significant concentration of open interest in Ether (ETH) call options with a strike price of $6,500 has been identified on the Deribit derivatives exchange. This dominant position signals strong bullish conviction among institutional and sophisticated traders, betting on a substantial price increase for Ethereum. The activity highlights Deribit's key role in the crypto options market and underscores growing institutional confidence in ETH's future valuation ahead of major network upgrades and broader market catalysts.