Wild options play on BTC: Some trader just dropped 20,000 BTC call condor spreads on Deribit, basically saying "BTC will chill between $106k-$112k by year-end." Here's the setup: long 100k calls, short 106k & 112k calls, long 118k calls. Translation? They're betting on modest upside but don't want BTC moon-shotting. Limited risk, limited gains—the classic "goldilocks zone" bet. Either this trader knows something or has serious conviction. Either way, that's some serious capital on the line.
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Wild options play on BTC: Some trader just dropped 20,000 BTC call condor spreads on Deribit, basically saying "BTC will chill between $106k-$112k by year-end." Here's the setup: long 100k calls, short 106k & 112k calls, long 118k calls. Translation? They're betting on modest upside but don't want BTC moon-shotting. Limited risk, limited gains—the classic "goldilocks zone" bet. Either this trader knows something or has serious conviction. Either way, that's some serious capital on the line.