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Traders expect Bitcoin to reach $200,000 by the end of the year, but the actual odds are different.
Despite aggressive bullish bets, market odds imply less than a 3% chance that BTC's price will reach $200,000 by December of this year.
Key points:
The “Call Diagonal Spread” and the “Inverse Call Butterfly” would benefit from BTC being close to $160,000.
Year-end call options valued at $200,000 imply that there is less than a 3% chance of making a profit.
They are preparing for the expiration of year-end options valued at $8.8 billion.
Over $1 billion in Bitcoin options would activate if the price surpassed $200,000. But does that mean traders expect a 72% rise?