A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October

What happened

A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October

Why it matters

The development may change operating conditions or market expectations around Bitcoin. Further confirmation and measurable outcomes matter.

Affected entities

View evidence

5 reports · 1 original report · 2 independent

1. CoinDeskPrimary source · Supports · EN · 100%
   A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October ↗Sep 22, 2026, 7:35 AM
2. CoinDeskPrimary source · Supports · EN · 50%
   Bitcoin, ether perpetual volumes on Kalshi are dominated by an unusual, repetitive trade, data shows ↗Sep 22, 2026, 8:32 AM
3. Bitcoin MagazineIndependent · Supports · EN · 49%
   Now Accepting Bitcoin: Shortwave Coffee Bitcoin Enabled Across 3 States ↗Sep 22, 2026, 8:00 AM
4. Bitcoin MagazineIndependent · Supports · EN · 50%
   Jim Bianco: Macro Outlook, The 4th Turning and Bitcoin Adoption ↗Sep 22, 2026, 9:04 AM
5. Bitcoin MagazineIndependent · Supports · EN · 49%
   No Bitcoin Payments in Russia — But the Digital Ruble Is Open for Business ↗Sep 22, 2026, 12:10 PM

Claims

• A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

1. September 22, 2026 at 7:35 AMFirst reported
2. Sep 22, 2026, 8:01 AMUnverified · 66/67%
3. Sep 23, 2026, 5:57 AMCorroborated · 65/72%

Market move following event

Score explanation