Bitcoin Options Trader Sees Year-End Price Range of $106K-$112K

A prominent Bitcoin options trader has adopted a bullish condor spread, purchasing 20,000 BTC worth of contracts. The trader forecasts that Bitcoin will trade within the range of $106,000 to $112,000 by year’s end. The strategy employs a four-contract structure, including buying call options at $100,000 and selling options at $106,000 and $112,000. A final call option is purchased at $118,000 for the year-end.