A bold trader is betting on a massive 28% surge in BlackRock’s spot Bitcoin $BTC ETF (IBIT) by the end of June, sparking fresh optimism in the crypto market.
Key Highlights:
High-Conviction Bet: The trader bought 3,000 call options with a $77 strike price, expiring June 27, paying a $39,000 premium.
Bullish Signal: If IBIT (currently at $60.40) hits $77, it would mean a 28% rally in just weeks.
Market Optimism: The options market has turned bullish, with calls now more expensive than puts, reversing last week’s bearish trend.
Why This Matters:
The trader could be anticipating a major catalyst, like ETF inflows, a Fed pivot, or regulatory news.
Some see it as a hedge against a larger Bitcoin position or a speculative moonshot play.
The move signals rising confidence in Bitcoin’s near-term upside.
Final Thought:
Is this a smart bet on a Bitcoin$BTC breakout or just a high-risk gamble? With June 27 fast approaching, all eyes are on IBIT’s price action.
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