Someone bought call options on BTC for $1.2 billion, paying a premium of $50 million — this allows them to purchase the asset at a specified price by a certain time
The following options were involved in this deal:
▪️BTC at $120k — July 25, 2025 — 1000 BTC
▪️BTC at $118k — July 25, 2025 — 750 BTC
▪️BTC at $115k — July 25, 2025 — 1000 BTC
▪️BTC at $112k — July 25, 2025 — 1000 BTC
▪️BTC at $115k — September 26, 2025 — 3800 BTC
▪️BTC at $140k — September 26, 2025 — 3800 BTC
Are we expecting $120k for BTC by the end of July and $140k for BTC by the end of September? We hope this isn't James Wynn after several consecutive public liquidations on futures, deciding to try options instead.
