A whale trader bets on Bitcoin to surpass $200000 by the end of the year through complex option operations

According to BlockBeats, on July 25th, the Bitcoin giant is making large-scale bullish bets using complex options strategies, with the goal of reaching a Bitcoin price of $200000 by the end of the year. The trader simultaneously bought 3500 $140000 December call option contracts on Deribit and short sold 3500 $200000 December call option contracts. This means that if the settlement price of BTC reaches or exceeds a higher execution price of $200000 before the expiration date, the strategy will achieve maximum profit. （CoinDesk）