On-chain options platform Derive data shows that an anonymous trader placed a $68 million bet on October 20 that Bitcoin would break above $90,000 after the US midterm elections. The trader purchased 800 call option contracts with a strike price of $90,000 and an expiry date of November 6, and sold some other contracts to net approximately $940,000 in financing. Derive stated that this is the platform's largest open interest position for Bitcoin. Additionally, the market-implied probability of Bitcoin breaking above $100,000 before Christmas, according to Derive, has risen from 9.7% a week ago to 12%.