CoinVoice Latest learned that Bitcoin giants are using complex options strategies to make large bullish bets, aiming for a Bitcoin price of 200,000 dollars by the end of the year. The trader simultaneously bought 3,500 contracts of the 140,000 dollar December call options on Deribit and shorted 3,500 contracts of the 200,000 dollar December call options. This means that if the settlement price of BTC reaches or exceeds the higher strike price of 200,000 dollars before the expiration date, the strategy will achieve maximum profit.
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CoinVoice Latest learned that Bitcoin giants are using complex options strategies to make large bullish bets, aiming for a Bitcoin price of 200,000 dollars by the end of the year. The trader simultaneously bought 3,500 contracts of the 140,000 dollar December call options on Deribit and shorted 3,500 contracts of the 200,000 dollar December call options. This means that if the settlement price of BTC reaches or exceeds the higher strike price of 200,000 dollars before the expiration date, the strategy will achieve maximum profit.