$3.2 Million ‘Bitcoin Butterfly’ Options Play Targets $95,000 by Late October
In the world of cryptocurrency derivatives, a particularly bold wager has surfaced that could reshape expectations for Bitcoin’s price trajectory in the coming weeks. An institutional trader has placed a $3.2 million “butterfly” spread on Bitcoin options, a sophisticated strategy that essentially bets on the digital asset closing near $95,000 by the end of October 2026. This move, while complex, …
Sept. 22, 2026, 11:35 a.m.