Bitcoin Butterfly Options Trade: $3.2M Bet on BTC Hitting $95,000 by October End

A massive $3.2 million "bitcoin butterfly" options trade is betting that BTC will surge to $95,000 by the end of October. This bullish strategy, executed on major derivatives exchanges, involves a complex options spread that profits if Bitcoin's price lands near the $95,000 strike at expiration. The trade signals growing institutional confidence in a strong Q4 rally, driven by ETF inflows, halving supply shock, and macro liquidity expectations. Analysts note that such large butterfly structures often precede volatile breakouts. If BTC reaches $95K, the trader could pocket millions; otherwise, the premium is at risk. All eyes are on the October expiry as a key test for Bitcoin's bullish momentum.