Deribit: A certain options trader bought 20,000 BTC call eagle spreads, bullish on BTC's year-end price in the range of $106,000 to $112,000

Deribit Asia Pacific Business Head Lin Chen posted that a certain options trader bought a bullish condor spread of 20,000 BTC, expecting BTC to rise to between 106,000 and 112,000 by the end of the year: buy the 100,000 call for the end of the year; sell the 106,000 call for the end of the year; sell the 112,000 call for the end of the year; buy the 118,000 call for the end of the year.

Note: The bullish condor spread is an options combination strategy that uses four options contracts with different strike prices, employed when the underlying asset is expected to rise moderately but with limited upside. Specifically, it involves buying the lowest and highest strike calls and selling the two middle strike calls.