Key Notes

Institutional trader deployed $1.74B in Bitcoin options via Deribit, targeting $100K-$112K profit zone by Dec.26.

Four strikes dominate December expiry with 55,000 BTC in open interest, ranking as top positions on Coinglass data.

Trade aligns with 63% market call dominance but requires 15% Bitcoin rally from $87K to reach lower profit threshold.

An institutional trader executed a massive options position of 20,000 BTC BTC $87 205 24h volatility: 0.8% Market cap: $1.74 T Vol. 24h: $72.14 B (worth $1.74 billion) on Deribit via Paradigm on Nov. 24.

This ranks as one of the largest single options trades seen this year. The trade uses a call condor structure, a complex options strategy that profits if Bitcoin lands within a specific price range, with

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