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A certain Whale trader is betting that Bitcoin will break through $200,000 by the end of the year through complex Options operations.
BlockBeats news, on July 25, Bitcoin giants are using complex options strategies for large-scale bullish bets, aiming for 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 shorted 3,500 contracts of $200,000 December call options. This means that if the BTC settlement price reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will realize maximum profit. (CoinDesk)