A major bet on Bitcoin’s rise by a large player on Deribit
A significant option position called a "call condor" was opened by a major participant on the Deribit exchange, with a volume of 20,000 BTC and an expiration date set for December 26. This strategy yields maximum profit if Bitcoin's price stays within the $100,000 to $118,000 range by the end of the year, without rising significantly above it.
Source X
The call condor is an option strategy designed to profit within a certain price range while limiting risks from large price swings. This bet reflects the investor's confidence in strong growth combined with limited volatility in the cryptocurrency market by year-end.
This news could attract investors and traders following bullish Bitcoin scenarios and considering options as a risk management tool. If the forecast is realized, the strategy will deliver substantial profits near the turn of the year.
