Massive Bitcoin Bet Sparks Optimism for End-of-Year Gains

Bitcoin’s recent rally, reaching above $88,000 following a decline to $80,000 last week, has fueled hopes of further growth. A large anonymous investor has made a significant bet on this trend by placing a $1.76 billion call option targeting the $100,000-$118,000 range. This strategy, involving four call options with different expiration prices, suggests a bullish outlook for continued price increases in the coming months.