Bitcoin.com

Someone Bet $3.17M on Bitcoin Price Rising—But Could Lose Big if BTC Hits $100K

Someone Bet $3.17M on Bitcoin Price Rising—But Could Lose Big if BTC Hits $100KWorldPing

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.

This is a short WorldPing brief. The full report was published by Bitcoin.com.

Read the full report at Bitcoin.com

More coverage: all crypto & markets news on WorldPing.

Related news

Bitcoin Could Deliver 3-5x Returns This Cycle as Volatility FadesWorldPing
Bitcoin.com

Bitcoin Could Deliver 3-5x Returns This Cycle as Volatility Fades

Bitcoin’s current bull cycle could deliver threefold to fivefold returns followed by a milder downturn, according to Cryptoquant’s founder and CEO. His forecast links smaller market extremes to growing institutional ownership and a larger capital base.

Brief by WorldPing · Original reporting by Bitcoin.com