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Deribit Exchange Sees Bold $200K Bitcoin Bet as Institutional Bullishness Persists
Deribit Exchange Sees Bold $200K Bitcoin Bet as Institutional Bullishness Persists
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Deribit exchange News -
Despite a recent pause in Bitcoin's rally, institutional investors remain bullish. A notable options trade on Deribit signals sky-high expectations, with a $200,000 year-end price target. The strategy involves a bull call spread—buying $140,000 calls and selling $200,000 calls—locking in $23.7 million in premiums. Maximum profit is achieved if BTC surpasses $200,000 by December, while risk is capped at the initial outlay.
Institutional interest continues to drive momentum. Bitcoin briefly eclipsed $123,000 on July 14, a historic high, before consolidating. Options volume is surging as traders position for volatility. The market’s sophistication grows alongside its scale, with strategic plays now eclipsing simple buy-and-hold approaches.
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