Investor wagers $1.76 billion that Bitcoin will exceed $100,000
- A singular market participant has initiated a position worth $1.76 billion in options on Deribit, speculating on the sustained ascent of Bitcoin during the year’s closing weeks. As per this wager, Bitcoin is projected to once more attain a six-figure valuation and fluctuate within a limited corridor.
Three sizable transactions occurred on Deribit earlier, facilitated by Paradigm, totaling 20K BTC notional!
A trader acquired a long-dated 100k/106k/112k/118k call condor for Dec '25. The indicator is unambiguous: a strategically optimistic perspective – anticipating BTC to ascend to the 100-118k range, without surpassing it significantly.
Trade: BTC 26… pic.twitter.com/zSyFgNs7dt
— Deribit (@DeribitOfficial) November 24, 2025
- The trader is employing a strategy known as a call condor, which yields maximum profit when Bitcoin concludes trading within a specific price band at expiration. In this scenario, the ideal target range lies between $100,000 and $118,000 by the expiration date of December 25, 2025.
- Consequently, the strategy gains from a notable price surge beyond the present level, without Bitcoin experiencing an abrupt, parabolic surge. According to Deribit, the structuring implies a “structurally bullish perspective”: The trader foresees values in the six-figure range, but refrains from predicting an unsustainable peak.
- The broader economic environment reinforces this outlook: The recent rebound from the dip to $80,000 is propelled by escalating expectations of a potential reduction in interest rates by the U.S. Federal Reserve in December, which could advantage risk-on assets and institutional capital inflows.
Recommended video: Bitcoin at an end? How bad is it really?
source
- X-Post from Deribit | X
