On July 25, Bitcoin giants are using complex option strategies to make large bullish bets, aiming to reach a Bitcoin price of $200,000 by the end of the year. The trader simultaneously bought 3,500 call option contracts at $140,000 and sold 3,500 call option contracts at $200,000 on Deribit in December. 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. (CoinDesk)
A whale trader bets that Bitcoin will exceed $200,000 by the end of the year through complex options operations
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