An article talks about big investors making bets on a company called Bit Digital. These big investors are called "market whales" because they bet a lot of money. They are betting that Bit Digital's price will go up. It is important for small investors to know what these big investors are doing, because it can help them decide if they should buy or sell Bit Digital too. The article says that the big investors are split, some are betting that Bit Digital's price will go up and some are betting that it will go down. Read from source...

1. The article is titled `Market Whales and Their Recent Bets on BTBT Options` which seems to focus on the significant moves made by high-rolling investors in Bit Digital's options. However, the article's introduction claims that these whales' activities are a result of privileged information, which seems speculative and assumptive.

2. The article also talks about the significant bullish sentiment among these major traders, but it fails to provide any factual data or references to back up this claim. It also doesn't explain why this bullish sentiment is irrational or based on incorrect assumptions.

3. The article mentions that analyzing volume and open interest is a powerful move while trading options, but it doesn't provide any concrete examples or detailed analysis on how this data can help traders.

4. The article provides an overview of Bit Digital's performance and some market experts' opinions on the company, but it fails to provide any context or reasoning behind these opinions.

5. The article ends by promoting Benzinga Pro's real-time options trades alerts, which seems like a clear attempt at promoting their paid services.

Overall, the article lacks proper context, supporting data, and critical thinking. It seems more like a marketing attempt to promote Benzinga Pro's services rather than providing valuable insights for traders.

Bearish. The text mentions that major traders are showing a split sentiment with 91% bullish and 8% bearish. However, considering the high volume of bullish calls in the options trades, it appears that whales are targeting a price range of $3.0 to $5.0 for Bit Digital, which might lead to a potential price drop.

Invest in Bit Digital (BTBT) with caution as high-rolling investors are positioning themselves bullish on the options. The identities of these investors are uncertain, but such a significant move in BTBT often signals privileged information. The sentiment among major traders is split, with 91% bullish and 8% bearish.

Among the 12 options trades for Bit Digital, one put amounts to $33,750, and 11 calls total $1,415,998. The predicted price range for Bit Digital is between $3.0 to $5.0 over the last 3 months. The volume and open interest data suggest that whales have been targeting this price range for Bit Digital.

Investors should also take note of Bit Digital's current position. The price of BTBT is up 4.57% at $3.43, and its volume is 12,572,664. The stock may be approaching overbought as per RSI indicators. The next earnings report is expected in 39 days.

Experts' ratings for Bit Digital show a consensus target price of $6.0, with HC Wainwright & Co. maintaining a Buy rating and a target price of $6. Options are a riskier asset compared to trading stocks, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.