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Derive records $68m purchase of $90,000-strike Bitcoin calls

NewsFeeds update

A single address bought 800 Bitcoin call option contracts on Derive with a $90,000 strike and 6 Nov expiry on 20 Oct, about $68m in notional value, Derive said, calling it the platform's largest single open Bitcoin position. Bets on Bitcoin topping $100,000 by Christmas are also rising, CoinDesk reported.

BitcoinCoinNessAIBullish

Read the original on CoinNess

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.