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Deribit Exchange Whale Places $23.7M Bullish Bet on Bitcoin Hitting $200K by 2025
Deribit Exchange Whale Places $23.7M Bullish Bet on Bitcoin Hitting $200K by 2025
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Deribit exchange News -
A major whale has entered the Bitcoin options market on Deribit, making a $23.7 million wager that BTC will reach $200,000 by December 2025. The trade utilizes a bull call spread strategy—purchasing $140,000 calls while selling $200,000 calls—demonstrating strong conviction in a significant upward move despite current market volatility.
Market conditions remain tense as bitcoin tests crucial support levels between $110,500-$113,500 following $130 million in liquidations below $115,000. Derivatives activity indicates institutional traders are positioning for a potential ETF-fueled rally toward $180,000-$200,000, though the trajectory remains highly contested.
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