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A $68M bitcoin options bet targets a post-midterm surge above $90K by early November.

Market News
26 Oct 2026, 14:53 WIB
Coindesk
View Source
Bullish
A $68M bitcoin options bet targets a post-midterm surge above $90K by early November.

A trader placed a $68 million bet on bitcoin's price rising above $90,000 shortly after the U.S. midterm elections, using call options on the decentralized platform Derive. This large position reflects growing optimism, with market odds also rising for bitcoin to exceed $100,000 by Christmas. Meanwhile, the implied chance of bitcoin dropping below $70,000 by Christmas has decreased, signaling a more bullish outlook. This activity highlights increased speculative interest ahead of key political events and the holiday season.

While a $68 million bet targets Bitcoin soaring to $90,000, on Pluang as of Oct 26, 2026 19:01 WIB, BTC trades at Rp1.450.705.520 with a slight 0.34% decline over one day. In contrast, Binance Coin (BNB) holds steady near Rp13.393.415, down just 0.02% in the same period. Bitcoin's dominant market cap of Rp29.291,56T far exceeds BNB's Rp1.766,77T, highlighting BTC's continued market leadership despite short-term price dips.

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