Bitcoin Investor Bets Big on $95K Price Target

A significant trade in the Bitcoin options market has caught attention after a notable investor made a million-dollar transaction. The move indicates an expectation of a price increase to $95,000 by October 30th.

According to Coindesk and Laevitas data, the transaction involved a premium payment of approximately $3.17 million using a strategy called 'long call butterfly' in the options market.

The trade was executed in five separate blocks via Paradigm, with a total initial cost of around $3.17 million.

Laser Digital analysts stated that investor interest in bullish call options has increased following the recent price surge, and short-term risk shifts have also favored call options.