A wallet on the Derive options platform bought 800 Bitcoin call options expiring Nov. 6 at a $90,000 strike, with reported notional value of about $68 million, BlockBeats reported.
Position details
The wallet made the purchase on Oct. 20 and sold calls expiring in March and October 2027, collecting about $940,000 in net premium. Derive called it the platform’s largest Bitcoin open-interest position.
Market-implied odds
Derive’s market-implied probability of Bitcoin breaking $100,000 before Christmas rose from 9.7% to 12%. That is a market-pricing measure, not a confirmed forecast or an identified trader’s statement.
Source: BlockBeats, 2026-10-27 01:21:30 UTC.