A Bitcoin options trader known as Crash claimed to have grown an account from $250,000 to roughly $3.4 million during a week of cryptocurrency market declines, posting a screenshot showing total assets of $3,387,187.14 on Oct. 30, 2026.
Breaking down the claim, moving from $250,000 to $3.4 million represents a 13.6x ending balance, or a nominal gain of about 1,260%. Using the exact screenshot balance of $3,387,187.14, the implied profit is $3,137,187.14, roughly 1,255%.
The trader separately described a BTC put option that returned 150x, and a six-hour options trade that allegedly turned $130 into $25,000 — approximately 192.3x the initial stake, or a 19,131% gain before trading costs. He did not confirm whether these were the same position as the 150x put.
Put options give the buyer the right to sell the underlying asset at a specified strike price. As Bitcoin falls, puts can become more valuable, though premiums also depend on time decay and volatility. Crash emphasized closing profitable positions, especially in less-liquid contracts where bid-ask spreads can reduce actual execution prices versus displayed balances.
The screenshot shows an aggregate account balance rather than transaction-level proof, and the post did not establish deposits, withdrawals, or which portion of gains came from specific contracts.
The claims emerged as major monthly Bitcoin options blocks on Deribit and CME were set to expire in late November, a period when institutional traders adjust hedges around monetary policy decisions.
