A $3.2 Million ‘Bitcoin Butterfly’ Options Strategy Anticipates $95,000 by Late October
A sophisticated options play valued at roughly $3.2 million is currently making headlines in the cryptocurrency markets. The trade, known as a "bitcoin butterfly," is a multi‑leg options structure that essentially bets on Bitcoin’s price converging around a specific target – in this case, $95,000 – by the end of October. While the name may sound exotic, the underlying mechanics are straightforwar…
Sept. 22, 2026, 11:35 a.m.