Bitcoin 
$88,099.54‘s recovery from $80,000 to $88,000 in recent days was crowned with a large-scale position in the options market. On Monday, an anonymous block trader took a complex position with a “call condor” strategy of 20,000 BTC (about $1.76 billion) that the price would hover between $100,000-$118,000 by the end of the year. Although the transaction reflects strong bullish expectations, the investor does not expect the largest cryptocurrency to reach new records above $126,000.
Structured Bullish Betting
DeribitThe option transaction confirmed by ‘s long call condor strategy with four different strike prices. was founded. While the investor bought a $100,000 call option, he sold two options worth $106,000 and $112,000. Then he opened a buy position again at $118,000. This four-legged structure price of bitcoinIt is designed to provide maximum profit if the market closes between $106,000 and $112,000 by the end of the year.
This strategy is an aggressive bull positionRather, it expresses cautious optimism. The investor believes the price will move upwards but limits his gain potential at $118,000. Like this options marketThe expectation of a measured rise in prices has become evident. As stated in Deribit’s post, the transaction represents a structured bullish view.
The Balance Between Fed Hopes and ETF Flows
Bitcoin’s recovery is supported by the renewed expectation of a 25 basis point interest rate cut in December. However spot ETF‘s still have not regained corporate logins. According to SoSoValue data, there was a total net outflow of $151 million from 11 spot Bitcoin ETFs listed in the United States on Monday. These outflows show that large investors are betting on volatility rather than price and taking strategic positions with derivative products.
The block transaction in question stands out as a development that increases institutional depth in the market. block transactions are large volume orders that are executed privately between two parties, usually without affecting the price in the open market. This reveals that the transaction was planned with a professional risk management approach rather than short-term speculation.
