Bitcoin News
By Julie Binoche
1 / 6
Bitcoin is currently trading within a narrow range of $116,000 to $120,000, but that hasn’t stopped high-stakes traders from placing bold bets on a major rally.
2 / 6
The whale purchased 3,500 Deribit-listed December call options with a strike price of $140,000 and simultaneously sold an equal number of December calls with a $200,000 strike…
3 / 6
This trade comes at a time when Bitcoin options activity is booming. Open interest on Deribit, the leading crypto options exchange that facilitates over 80% of global options…
4 / 6
Meanwhile, Bitcoin’s spot price reached an all-time high of over $123,000 on July 14 before retreating slightly to the current consolidation range.
5 / 6
In addition to Bitcoin, Ethereum’s options market is also experiencing record activity. Open interest in Ether options recently surpassed 2.
6 / 6
Despite current price levels appearing stagnant, this bold options bet signals that large investors remain optimistic about Bitcoin's potential to surge past $200,000 in the…
The Currency Analytics
Want the full story?