Someone Bet $3.17M on Bitcoin Price Rising—But Could Lose Big if BTC Hits $100K
A bitcoin options trader targeted a price of $95,000 by October 30, with $3.17 million paid upfront. A bigger rally could erase the position’s entire payout at expiry, however, creating an unusual predicament for someone betting on higher prices. A Multimillion-Dollar Bet With a Precise Destination The price of bitcoin reaching $100,000 for the first […]
Key Takeaways
- A bitcoin options trader targeted a price of $95,000 by October 30, with $3.17 million paid upfront.
- A bigger rally could erase the position’s entire payout at expiry, however, creating an unusual predicament for someone betting on higher prices.
- A Multimillion-Dollar Bet With a Precise Destination The price of bitcoin reaching $100,000 for the first […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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