Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Wild options play on BTC: Some trader just dropped 20,000 BTC call condor spreads on Deribit, basically saying "BTC will chill between $106k-$112k by year-end." Here's the setup: long 100k calls, short 106k & 112k calls, long 118k calls. Translation? They're betting on modest upside but don't want BTC moon-shotting. Limited risk, limited gains—the classic "goldilocks zone" bet. Either this trader knows something or has serious conviction. Either way, that's some serious capital on the line.

BTC2.17%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)