A whale trader is betting on Bitcoin surpassing $200,000 by the end of the year through a complex options strategy.

BlockBeats News, July 25th, a Bitcoin whale is utilizing a complex options strategy to make a large bullish bet, aiming for a Bitcoin price of $200,000 by the end of the year.

The trader has simultaneously bought 3,500 contracts of the $140,000 December call option on Deribit and sold short 3,500 contracts of the $200,000 December call option. This means that if BTC reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will realize maximum profit. (CoinDesk)