A whale trader bets that Bitcoin will exceed $200,000 by the end of the year through complex options operations


bitcoin giants are using complex options strategies to make large bullish bets, with the goal of reaching a Bitcoin price of $200,000 by the end of the year. The trader simultaneously bought 3,500 contracts of $140,000 December call options on Deribit, and sold short 3,500 contracts of $200,000 December call options. This means that if BTC reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will realize maximum profit.