$3.2 Million Bitcoin Butterfly Option Bet Targets $95,000 by Late October
In a striking display of confidence and market speculation, a sizable options position—often referred to in trader circles as a "butterfly"—has been placed on Bitcoin, the world’s leading cryptocurrency. Valued at roughly $3.2 million, the trade is structured to profit if Bitcoin’s price reaches, or hovers near, $95,000 by the close of October 2026. While the precise identity of the investor or i…
Sept. 22, 2026, 11:35 a.m.