Someone bet $68 million that BTC will break $90K after the midterm elections! $BTC $ETH
Derive, an options platform, revealed that a mysterious wallet spent $68 million on BTC call options expiring November 6 with a $90K strike price, making it the platform’s largest single position.
Even cheekier, they also sold two lots of call options with higher strike prices to hedge the cost, netting around $940K in premiums.
Implied probabilities in the options market show that the odds of BTC breaking $100K before Christmas have risen to 12%.
Spot BTC is still hovering around $80K, but options traders are already betting on a post-midterm rally.
Do you think this $68 million bet is smart money or a sucker’s play? Let’s hear your thoughts in the comments.
#比特币 #Options
Derive, an options platform, revealed that a mysterious wallet spent $68 million on BTC call options expiring November 6 with a $90K strike price, making it the platform’s largest single position.
Even cheekier, they also sold two lots of call options with higher strike prices to hedge the cost, netting around $940K in premiums.
Implied probabilities in the options market show that the odds of BTC breaking $100K before Christmas have risen to 12%.
Spot BTC is still hovering around $80K, but options traders are already betting on a post-midterm rally.
Do you think this $68 million bet is smart money or a sucker’s play? Let’s hear your thoughts in the comments.
#比特币 #Options