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A whale trader is betting on Bitcoin surpassing $200,000 by the end of the year through a complex options strategy.

By: theblockbeats.news|2025/07/25 06:22:12

BlockBeats News, July 25th, a Bitcoin whale is utilizing a complex options strategy to make a large bullish bet, aiming for a Bitcoin price of $200,000 by the end of the year.

The trader has simultaneously bought 3,500 contracts of the $140,000 December call option on Deribit and sold short 3,500 contracts of the $200,000 December call option. This means that if BTC reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will realize maximum profit. (CoinDesk)

The Hubei court in China sentenced the defendant in a virtual currency theft case using backdoor code to fraud, involving approximately 77.76 million yuan.

Letsbonk's market share in the past 24 hours has reached 72.5%, with revenue and transaction volume both exceeding pump.fun by 4 times.