Bitcoin Rallies With Massive Call Condor Bet, Signaling Cautious Optimism

A major institutional investor has taken a significant position in the Bitcoin options market, executing a substantial “call condor” strategy that underscores cautious optimism for year-end price growth. The investor purchased call options with strike prices ranging from $100,000 to $118,000 and simultaneously sold options at higher levels. This strategic setup will yield maximum profit if Bitcoin’s price stays within the range of $106,000 to $112,000 by year-end. 20,000 BTC were involved in this trade, valued at approximately $1.76 billion.