Bitcoin Bullish Options Trade Reaches $1.65 Billion as Traders Anticipate Market Movement This Month
Prefer us on GoogleOn July 16, Bitcoin bullish options trading surged significantly, with a total of 25,766 BTC call options traded today, representing a notional value of approximately $1.65 billion. Nearly 10,000 contracts of the $70,000/$72,000 call spread expiring at the end of this month became the most actively traded contracts. With about two weeks remaining until expiration, the large-scale purchases of out-of-the-money call options priced about 10% higher than the current price reflect the market's optimistic outlook for the latter part of this month. The trading strategy employed is a cost-effective bull spread, indicating that capital is primarily focused on tentative positioning rather than aggressive betting.
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