Bitcoin Whale Wagers $23.7M on BTC Rally to $200K by Year-End
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Bitcoin's (BTC) price rally may have stalled lately, but bullish conviction certainly hasn't, as whales continue to bet millions on an extended market rally. Recently, one such whale executed a significant bullish options play targeting $200,000 by the year's end. The strategy involved the simultaneous purchase of 3,500 contracts of the Deribit-listed $140,000 December call option and the short sale (or writing) of 3,500 contracts of the $200,000 December call option. This complex trade, a bull ...
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