Bitcoin traders deploy bullish options strategy on Deribit, betting on a rise to $200,000 within the year

ChainCatcher news, Bitcoin giants are making large bullish bets using complex options strategies, aiming for a Bitcoin price of $200,000 by the end of the year. The trader simultaneously bought 3,500 contracts of the $140,000 December call options on Deribit and shorted 3,500 contracts of the $200,000 December call options. This means that if BTC's settlement price reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will achieve maximum profit.