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Trader claims $250,000 grew to $3.4 million via Bitcoin options during market drop

A cryptocurrency options trader using the pseudonym Crash claims to have grown a $250,000 account into approximately $3.4 million during a sharp Bitcoin market downturn. The trader published screenshots showing assets of $3,387,187.14, representing a gain of over 1,255%, or a 13.6-fold return within a week. Reported winning trades included a put option surging from $130 to $25,000 in six hours, alongside another 150x return. However, the figures remain unverified, as disclosures omitted order history, strike prices, expiration dates, trading fees, and platform execution details.

Category

Bitcoin

Sentiment

Bearish

Event

Market move

Reading time

1 min