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Trader places 68 million dollar Bitcoin bet targeting 90,000 dollars after the US midterm vote, CoinDesk reports
- Trader places 68 million dollar Bitcoin bet targeting 90,000 dollars after the US midterm vote, CoinDesk reports — A single wallet on decentralized platform Derive bought 800 contracts of 90,000 dollar Bitcoin call options expiring on November 6, a position CoinDesk reports as approximately 68 million dollars in face value at current prices and the largest open Bitcoin position on Derive. The wallet financed the purchase in part by selling 400 contracts of 100,000 dollar calls expiring in March 2027 and another 400 contracts of 90,000 dollar calls expiring October 30, collecting about 940,000 dollars net. (CoinDesk)
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