🚀 Crypto enthusiasts, buckle up! The market's latest thrill ride involves options tied to Defiance's 2X Long MicroStrategy ETF (MSTX), which are showing extreme bullish positioning. This leveraged ETF aims to double the daily performance of MicroStrategy's share price, and it recently surged 20% as MSTR itself jumped 10%.

- Traders are diving into deep out-of-the-money call options, betting big on future gains.

- The buzz is fueled by Bitcoin's race toward $100,000, with MSTR being a major BTC holder.

- Speculation is rampant, but could this lead to a market correction?

What are your thoughts on this crypto roller coaster? Share in the comments!