Trader Bets $292K on Bitcoin Surge by Feb 10
Trader 655555 doubles down with a $292K bet on Bitcoin rising by Feb 10, after earning $157K in 12 hours.
- Trader 655555 profited $157K from BTC and ETH moves.
- He has now placed a $292.6K bullish bet on Bitcoin.
- The bet expires by February 10, 2:00 AM ET.
In just under 12 hours, a crypto trader known by the alias 655555 turned heads in the market by making a $157,000 profit. His gains came from accurately predicting price movements in both Bitcoin (BTC) and Ethereum (ETH). Now, he’s back in the spotlight with a bold new move—placing a $292,600 bet that Bitcoin will rise before February 10 at 2:00 AM ET.
This level of aggressive short-term trading suggests that the trader is either working with insider knowledge, using advanced technical analysis, or has an unusually high risk appetite.
Doubling Down on Bitcoin
The new bet places heavy weight on Bitcoin’s potential price action within a tight time frame. With just hours to go before the option expires, the trader is clearly betting on a near-immediate bullish breakout. If Bitcoin moves in the direction he predicts, the returns could be substantial—possibly surpassing his previous $157K profit.
This kind of options trading is often used by professionals to amplify gains over short periods. However, the risk is equally high—if the price does not rise as expected, the entire position could expire worthless.
What This Means for Crypto Traders
Trader 655555’s actions highlight a growing trend among whales and high-frequency traders using options and leverage to play the volatile crypto market. While such bold moves grab headlines, they also serve as a reminder of the risks involved in short-term speculation.
For retail investors, the takeaway is clear: betting big in crypto can pay off, but it can also burn capital quickly. It’s essential to understand the risks before trying to replicate such trades.
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