BTC Is Falling Today, But Deribit Bet Fuels Bitcoin $200K Prediction

Just when Bitcoin looked like it was cooling off, a mysterious whale stepped in with a jaw-dropping $23.7 million bet—banking on BTC hitting $200,000 by December.

But that’s not all. As the crypto market trembles under sudden price drops and whale movements, many traders are abandoning Bitcoin. What’s going on behind the scenes?

Are we heading for a short-term crash—or is a bitcoin $200000 prediction secretly loading? Let’s break down.

Bitcoins $23.7M on Deribit for $200K BTC by December—What Does It Mean?

A whale has placed a massive $23.7 million options bet on Deribit, targeting a $200000 Bitcoins price by December 2025. The strategy used is known as a bull call spread—buying $140,000 calls while selling $200,000 calls.

This means the whale is highly confident Bitcoin could explode upwards but also wants to hedge the upside risk.

This information came from Coin Bureau latest post on X , where the team highlighted the massive trade. This bitcoin whale trade immediately caught the attention of analysts and traders alike.

BTC Price Crash Today Below $117K: Panic or Deribit-Fueled Opportunity?

At the time of writing this, Bitcoins is at the price of $116,348, down 1.51% from 24 hours ago. Trading volume is up 30% from yesterday at $96.43 billion, indicating healthy market movement despite prices being lower.

The mixed signals—rising volume during a price drop—are fueling debate across the market. What’s adding to the mystery is that while one whale is betting big on a bullish reversal, others are preparing for a correction.

Why Is Bitcoin Falling Today? Whales, Charts, and Chaos

It may be aiming for $200K long term, but today’s dip below $117000 has many traders nervous. So what’s causing this sudden drop? There are two primary reasons behind the bitcoins price crash today:

1. Too Much Whale Movement in the Market

• $23.7M Deribit Options Bet: Though bullish, it implies major btc options volatility incoming.

• 14,273 BTC (~$1.67B) Moved to Exchanges: Lookonchain and Galaxy Digital tracked a 14-year-old address transferring large holdings—often a pre-sell indicator.

• AguilaTrades Flips To Ethereum: The top trader exited T he Crypto King longs and entered a massive 17.5k ETH long with 25x leverage. This shake-up reflects shifting sentiment and speculative plays around ETH dominance.

2. Technical Indicators Flashing Bearish Signals

• RSI Dropped from 67 to 55: Weakening buyer pressure signals potential correction ahead.

• MACD Bearish Crossover: A key btc technical analysis today sign, showing decreasing upward momentum and early correction stages.

Together, these factors are creating short-term chaos in the market. But is this a signal to panic—or a setup for the next move higher?

Bitcoin $200K Prediction 2025 December ? Here’s What Analysts Are Betting On

Despite the bearish indicators, analysts remain optimistic on the long-term trajectory. Crypto analyst BitBull believes T he Crypto King may soon retest the $111K–$112K range, a key untested zone since the last breakout. If this zone holds, it could become the launchpad toward the btc $200k december target.

The current combination of whale positioning, ETF inflows, and reduced miner rewards could create the perfect storm. This makes the bitcoin price prediction 2025 not just hype —but a statistically backed possibility.

Conclusion: $111K or $200000—Which Way Will Bitcoin Break Next?

All eyes are on the next T he Crypto King move. While btc crash reason discussions grow louder, some are seeing opportunity. Technicals point to a short-term pullback, but fundamentals suggest a breakout may be brewing.

Whether T he Crypto King crashes to $111000 or blasts off to $200000, one thing is clear—whales are preparing for a big shift. The deribit btc options bet, along with major T he Crypto King whales news, hints at growing tension between short-term fear and long-term belief.

The question now isn’t if something big is coming—it’s which direction it explodes in. Let’s see who gets it right—the bearish chart or The Crypto King $200000 prediction believer.