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A $3.2M bitcoin butterfly options trade bets on $95K price by October end

Technical Signals
22 Sep 2026
Coindesk
View Source
Bullish
A $3.2M bitcoin butterfly options trade bets on $95K price by October end

A notable $3.17 million 'long call butterfly' options trade on bitcoin suggests traders expect the price to reach around $95,000 by October 30. This strategy profits if bitcoin settles near $95,000 at expiry, indicating bullish sentiment as bitcoin currently trades near $86,000. The trade aligns with technical analysis showing little resistance between $85,000 and $98,000, supporting potential upward momentum. Additionally, increased demand for call options and volatility pricing across major cryptocurrencies reflect growing bullish positioning in the market.

The $3.2 million bitcoin butterfly option trade signals expectations for BTC near $95,000 by end-October. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 22, 2026 18:03 WIB: out of 50 priced assets, 28 rose and 21 fell. Notable movers include EGLD at Rp78.579 (+4.01%), VET at Rp162 (+3.91%), and SUSHI at Rp4.462 (-3.78%).

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