Options traders' bets are flashing a complex signal for Bitcoin: expect a rally, but don't bet on a moonshot. The trade highlights a market that has priced out a euphoric year-end surge in favor of a more measured, range-bound ascent.
Roughly 20,000 BTC in notional call condor block trades were spotted on Deribit, structured for the top crypto to settle between $100,000 and $118,000 by December 2025.
The strategy involves buying four call options with the same expiry but at different strike prices. It is typically employed when investors expect a rally but believe the upside is capped.
“The
Roughly 20,000 BTC in notional call condor block trades were spotted on Deribit, structured for the top crypto to settle between $100,000 and $118,000 by December 2025.
The strategy involves buying four call options with the same expiry but at different strike prices. It is typically employed when investors expect a rally but believe the upside is capped.
“The
26 days ago
