Bitcoin call options worth $1.85 billion are targeting a price of $115,000 by December 25, 2026. The significant amount of call options raises questions about the realism of traders' expectations.
Bitcoin bulls are optimistic about the year-end options expiry on December 25, with $6 billion at stake. The Deribit exchange holds a 92% market share in December's Bitcoin options open interest, totaling $5.5 billion. However, many of these options were placed on unlikely outcomes, suggesting that actual value at expiry may be much lower.