A $3.2 Million Bitcoin Butterfly Option Strategy Anticipates $95,000 by Late October
In the world of cryptocurrency derivatives, a particularly eye‑catching trade has surfaced, involving a $3.2 million butterfly spread on Bitcoin that is designed to profit if the digital asset reaches roughly $95,000 by the close of October. This sophisticated position, often referred to simply as a "butterfly," combines multiple options contracts at three different strike prices, creating a payo…
Sept. 22, 2026, 11:35 a.m.