BREAKING 🚨
A $3.2 million bitcoin butterfly option trade targets $95,000 by October’s end 🚀.
The spread, placed by an anonymous institutional player, combines two call spreads and a short call at the $95k strike, capping both upside and downside. It reflects strong confidence in a rapid price rally despite recent market jitter. Analysts note that a $3.2 million exposure is one of the largest directional bets seen this year, signaling bullish sentiment. If Bitcoin reaches the target, the structure could generate roughly $1.5 million in profit, while the maximum loss is limited to the premium paid 📈.
The bet adds fresh optimism to the market ahead of the upcoming halving cycle 🔔.
$MUBARAK, $KERNEL, $MUBARAK
A $3.2 million bitcoin butterfly option trade targets $95,000 by October’s end 🚀.
The spread, placed by an anonymous institutional player, combines two call spreads and a short call at the $95k strike, capping both upside and downside. It reflects strong confidence in a rapid price rally despite recent market jitter. Analysts note that a $3.2 million exposure is one of the largest directional bets seen this year, signaling bullish sentiment. If Bitcoin reaches the target, the structure could generate roughly $1.5 million in profit, while the maximum loss is limited to the premium paid 📈.
The bet adds fresh optimism to the market ahead of the upcoming halving cycle 🔔.
$MUBARAK, $KERNEL, $MUBARAK
