Lin Chen, head of Asia Pacific commerce at Deribit, said in a post that an option trader bought 20,000 BTC long bullish vulture spread, bullish BTC at the end of the year in the range of 106,000 to 112,000: buy the end 100,000 bullish; sell the end 106,000 bullish; sell the end 112,000 bullish; buy the end 118,000 bullish.
Note: Bull Condor Spread, an option portfolio strategy that uses four options contracts with four different strike prices in the expectation that the underlying asset will rise modestly but only by a limited margin, specifically four call prices from low to high, buy options with the lowest and highest prices, and sell options with two intermediate prices.
Deribit: An Options Trader Buys 20,000 BTC Bullish Vulture Spread, Bullish BTC End of Year Price in 106,000 to 112,000 USD Range
2025-11-25 06:46:47
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