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Trader bets $3.17M on Bitcoin hitting $95K by Oct 30, but $100K price could wipe out gains.

Market News
23 Sep 2026
Cointribune
View Source
Neutral
Trader bets $3.17M on Bitcoin hitting $95K by Oct 30, but $100K price could wipe out gains.

A trader placed a $3.17 million bet on Bitcoin using a complex options strategy targeting a price of $95,000 by October 30. The strategy, called a long call butterfly, profits most if Bitcoin settles near $95,000 but can lose the entire stake if the price hits or exceeds $100,000 at expiration. This highlights how options trading depends not just on price direction but also on precise price levels and timing. The final outcome will be determined by Bitcoin's price at the options' expiration date, making the exact settlement price crucial for profit or loss.

Bitcoin options trading is the focus, with Pluang market data as of Sep 23, 2026 14:31 WIB: Among 50 major cryptocurrencies priced on Pluang, 42 rose and 7 fell today. Notable movers include ONE (Harmony) down 22.87% at Rp53, UNI (Uniswap) up 18.74% at Rp187.925, and GRT (The Graph) up 13.93% at Rp476. The most notable figure is the 42 out of 50 cryptocurrencies that gained today.

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