This forecast is based on data from an over-the-counter transaction on the cryptocurrency exchange Deribit.
According to Amberdata, this transaction was a bullish call spread that will yield maximum profit if the price rises to $400 or higher by the end of February.
On January 20, a significant SOL options trade was executed through the Paradigm over-the-counter network on Deribit, indicating expectations of a price rally to $400 by the end of February.
The trade, structured as a "bullish call" spread, included a long position on a call option with a strike price of $280 and a simultaneous short position on a call option with a strike price of $400. Each leg of the trade involved 10,000 contracts, and the expiration date for both options is February 28.