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Bitcoin Traders Deploy Bullish Options Strategy on Deribit, Betting on Price to Reach $200,000 by Year End
Summary: According to reports, Bitcoin giants are making large-scale bullish bets using complex options strategies, aiming for a Bitcoin price of $200,000 by the end of the year. The trader has simultaneously bought 3,500 contracts of $140,000 December call options on Deribit and sold 3,500 contracts of $200,000 December call options. This means that if BTC ...
According to reports, Bitcoin giants are making large-scale bullish bets using complex options strategies, aiming for a Bitcoin price of $200,000 by the end of the year. The trader has simultaneously bought 3,500 contracts of $140,000 December call options on Deribit and sold 3,500 contracts of $200,000 December call options. This means that if BTC settles at or above the higher strike price of $200,000 before the expiration date, the strategy will yield maximum profits.
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Link: Bitcoin Traders Deploy Bullish Options Strategy on Deribit, Betting on Price to Reach $200,000 by Year End [Copy]
