In a bold move, a Deribit trader placed a major bet on Bitcoin, purchasing $90,000 year-end call options while simultaneously selling $62,000 put options, according to a BlockBeats report on September 28. The trade, valued at $1.479 million and covering 488 BTC, signals a long-term bullish outlook.
Deribit officials explained that the trader is betting on a significant Bitcoin price surge by the end of the year, aiming for a profit if BTC hits $60,000 or higher at expiration. Could this be a hint of what’s to come for Bitcoin? This trade is certainly raising eyebrows!
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