Traders bet on 200,000 USD year-end Bitcoin, but real odds tell a different story

Currently, the odds indicate a low chance of Bitcoin hitting 200,000 USD by year-end, with bearish traders comfortable below 120,000 USD.

The total open interest is significantly higher for call options at 6.45 billion USD compared to put options at 2.36 billion USD, reflecting a prevailing bullish sentiment.

Professional traders are employing complex strategies like Call Diagonal Spread to navigate market uncertainties, indicating cautious optimism amidst bearish indicators.