Institutional Investors Deploy $2 Billion in Bitcoin Options as ETH Eyes Reversal

Institutional traders have established approximately $2 billion in long call condor positions on Bitcoin through Deribit, exchange data show. The structured trades target BTC settlement between $100,000 and $118,000 by December 2025. Market expectations for a U.S. Federal Reserve rate cut in December have surged from 20% to 85% over the past week, potentially supporting an Ethereum rally.