One whale just bet $68M that BTC hits $90K. 🐋
📊 BTC is hovering at ~$80,300 right now, stuck on the $80K line all day
📊 On Oct 20, one wallet bought 800 contracts of $90,000 call options expiring Nov 6 on Derive
📊 Face value: ~$68M — the largest open BTC position on Derive
📊 The whale even financed it smartly: sold $100K March 2027 calls and $90K Oct 30 calls, collecting ~$940K net
The math: from ~$80,300, BTC needs about +12% in under two weeks to hit $90K by Nov 6. Right in the middle of that window sits Wednesday's Fed decision and Friday's ~$11B options expiry.
Whales don't bet $68M for fun — but they also hedge, and this one already collected premium on the other side. So is this conviction, or just a well-paid lottery ticket?
One word 👇
BELIEVE or DOUBT?
Follow for 3 crypto posts daily.
Not financial advice. DYOR.
#bitcoin #BTC #BTCUSDT #WhaleAlert #Crypto #BinanceSquare #CryptoNews #Options #FedMeeting #DYOR
📊 BTC is hovering at ~$80,300 right now, stuck on the $80K line all day
📊 On Oct 20, one wallet bought 800 contracts of $90,000 call options expiring Nov 6 on Derive
📊 Face value: ~$68M — the largest open BTC position on Derive
📊 The whale even financed it smartly: sold $100K March 2027 calls and $90K Oct 30 calls, collecting ~$940K net
The math: from ~$80,300, BTC needs about +12% in under two weeks to hit $90K by Nov 6. Right in the middle of that window sits Wednesday's Fed decision and Friday's ~$11B options expiry.
Whales don't bet $68M for fun — but they also hedge, and this one already collected premium on the other side. So is this conviction, or just a well-paid lottery ticket?
One word 👇
BELIEVE or DOUBT?
Follow for 3 crypto posts daily.
Not financial advice. DYOR.
#bitcoin #BTC #BTCUSDT #WhaleAlert #Crypto #BinanceSquare #CryptoNews #Options #FedMeeting #DYOR
