Bitcoin options traders are targeting a bullish year-end price of $115,000, with approximately $6 billion in capital tied to options expiring on December 25. Since hitting a low of $60,130 in February, Bitcoin's price has surged 33%, reigniting bullish sentiment. Deribit dominates the December options market with a 92% share, holding $5.5 billion in open interest. Despite the optimism, the market shows a balanced view with $1.85 billion in call options targeting $115,000 and above, and $1 billion in put options at $55,000 and below. This balance suggests that both bullish and bearish bets are equally speculative. The options skew metric indicates a 9% premium on put options, reflecting moderate concern over downside risks, while investor optimism remains steady as Bitcoin trades at $80,000.