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What to know:
Bitcoin whales are taking significant bullish trades using complex options strategies, targeting a price of $200,000 by year-end.
The latest trade involved a bullish spread, resulting in a net drawdown of $23.7 million, limiting both potential gains and losses.
Bitcoin's price has stabilized between $116,000 and $120,000, and activity in the options market remains high, with open interest approaching record highs.#BTC Market Analysis #Stablecoin Regulation Crackdown #Institutions Buying Bitcoin #GENIUS Stablecoin Act #Content Mining & Earn Rich Commission