Price Prediction
Bitcoin Bet Targets $90,000 Post-Election
A $68 million bet on Bitcoin's price to rise above $90,000 is being made by a single wallet on the decentralized platform Derive. The wallet bought 800 contracts of $90,000 call options expiring on November 6, representing approximately $68 million in face value at current Bitcoin prices. Derive's market-implied probability of Bitcoin exceeding $100,000 by Christmas has increased from 9.7% to 12%.