Three huge blocks printed on Deribit today via Paradigm, total of 20K BTC notional! Trader lifted a long-dated 100k/106k/112k/118k call condor for Dec ’25. Signal is clear: a structured bullish view - expecting BTC to reach the 100–118k zone, not explode past it. Trade: BTC 26 Dec 25 100k/106k/112k/118k Call Condor 2,000x (8,000 BTC) @ 0.0058 BTC, Vols 57.7% 55.1% 53.0% 52.4% Trade: BTC 26 Dec 25 100k/106k/112k/118k Call Condor 2,000x (8,000 BTC) @ 0.0058 BTC, Vols 51.0% 58.8% 54.8% 51.7% Trade: BTC 26 Dec 25 100k/106k/112k/118k Call Condor 1,000x (4,000 BTC) @ 0.0058 BTC, Vols 51.8% 50.8% 58.7% 54.4%(Deribit)