On July 25, prominent Bitcoin investors executed sophisticated options strategies to position themselves for a significant upside in BTC’s valuation. The trader acquired 3,500 call option contracts with a strike price of $140,000 while simultaneously offloading an equal number of calls at the $200,000 strike, both expiring in December on Deribit. This bullish spread strategy is designed to capitalize on Bitcoin appreciating sharply, with maximum gains realized if the asset surpasses the $200,000 threshold before expiration. Such strategic positioning highlights growing confidence among institutional players in Bitcoin’s potential to reach unprecedented price levels within the year, reflecting a nuanced approach to risk management and profit maximization in the crypto derivatives market.
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Source: https://en.coinotag.com/breakingnews/bitcoin-bulls-place-massive-200000-price-target-with-complex-option-strategies-on-deribit/