Will Bitcoin Hit $95,000 by the End of October? A $3.2 Million Options Bet Says Yes.

Someone just put $3.2 million on a precise Bitcoin price target five weeks out, and the structure of that bet reveals something unexpected about where serious traders think this rally actually ends.

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A trader has initiated a $3.2 million options position on Deribit, the largest cryptocurrency options exchange. This trade is designed to profit the most if Bitcoin (CRYPTO:BTC) settles around $95,000 on October 30, 2026.

The strategy is a butterfly spread, which means the trade will earn less if Bitcoin moves significantly above that price. This reflects a more focused prediction on where Bitcoin will end up, rather than how high it might go.

As of September 24, Bitcoin is trading at $84,388, down 2% for the day, but up 10.4% over the past week, recovering from three consecutive quarters of losses that ended in June. To reach $95,000 by October 30, Bitcoin needs to increase by 12.6% in just five weeks. So, can Bitcoin actually hit $95,000 by that date, and what does this trade suggest?

The $3.2 Million Trade Is a Butterfly Spread That Earns the Most at $95,000