Ethereum's $28M Straddle Prices a Sharp Volatility Move

Ethereum options activity shows 15,000 ETH contracts at a $1,875 strike price, signaling a bold near-term volatility bet. The premium is $56.80 with tight breakevens into the July 24 expiry. This $28M straddle position suggests traders expect a sharp price move in ETH before expiration, potentially driven by upcoming events or market uncertainty.