Deribit: A certain options trader bought 20,000 BTC bullish vulture spreads, expecting the bullish BTC price at the end of the year to be in the range of $106,000 to $112,000.

According to Mars Finance, Lin Chen, the business head of Deribit Asia Pacific, stated that a certain options trader bought a bullish condor spread of 20,000 BTC, with a bullish outlook on BTC's price range at the end of the year between 106,000 and 112,000: buying the end-of-year 100,000 call; selling the end-of-year 106,000 call; selling the end-of-year 112,000 call; buying the end-of-year 118,000 call. Note: Bull Condor Spread is an options combination strategy that uses four options contracts with four different strike prices, employed when anticipating that the underlying asset will rise moderately but with limited upside. Specifically, it involves buying the options at the lowest and highest prices and selling the options at the two middle prices.