FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.9T -0.1%24h Vol $44B -4.5%Fear & Greed 65/100Alts Index 57/100
BTC.D 59.3% +0.6%Stable.D 9.2% 0%ETH.D 11.4% +0.1%Others.D 20.1% -0.7%
BEAM$0.00256787+20.7%•PROS$0.8248+14.97%•AKT$0.7835+14.97%•AXS$1.376+14.71%•HNT$0.5731+14.5%•RAIN$0.0119+13.7%•FET$0.2565+13.56%•DRV$0.4134+9.66%•BAT$0.1041+9.64%•IOTA$0.0594+9.28%•
BR$0.4591-20.64%•BTW$1.179-18.64%•STONK$0.1996-14.92%•AI$0.1145-14.87%•SUPER$0.2431-8.13%•CAP$0.0648-6.44%•NIGHT$0.0451-6.29%•CARDS$0.2464-5.95%•KITE$0.1469-5.75%•SOON$0.3606-3.83%•
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      $3.2 Million Bitcoin Butterfly Option Trade Targets $95,000 by End of October

      A recent $3.2 million options trade on Deribit, a leading cryptocurrency options exchange, indicates a growing institutional confidence in Bitcoin's potential to reach $95,000 by October 30. This trade employs a butterfly spread strategy, which is designed to maximize returns at a specific price point, reflecting a sophisticated approach rather than speculative retail trading.

      The butterfly spread involves three strike prices: the trader buys one call option at a lower strike, sells two at a middle strike, and buys another at a higher strike. In this case, the peak payoff is set at $95,000. If Bitcoin settles at this price on the expiration date, the position will yield its maximum return, while losses are limited to the premium paid if the price deviates significantly from this target.

      This trade is part of a broader trend in the Bitcoin options market, where bullish positioning has surged ahead of the October 30 expiry. Over 22,000 contracts for the $95,000 call option have been traded recently, contributing to approximately $1.9 billion in notional trading volume. The open interest and call volume in the $85,000 to $100,000 strike range have been steadily increasing, suggesting that the market anticipates significant upward movement from current levels, which have fluctuated between $85,000 and $86,000 in recent sessions.

      If Bitcoin approaches the $95,000 target, the concentration of open interest in this range could trigger a gamma squeeze, where dealers may need to buy Bitcoin to hedge their positions, potentially accelerating price increases. Conversely, if Bitcoin fails to reach this target and falls below $85,000, the defined-risk nature of the butterfly spread means the trader's loss is limited to the initial premium.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud