Explain the Concept of ‘Early Exercise’ for an American-Style Call Option

Early exercise for a call option means the holder chooses to buy the underlying asset (e.g. Bitcoin) at the strike price before the option's expiration date.

This is typically done when the asset's market price is significantly above the strike price, and the holder wants to lock in the profit or acquire the asset immediately, often when the time value of the option is very low.