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Bitcoin Traders Chase $130K Bets in Anticipation of Renewed Bullish Volatility
Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility.
Updated Jul 8, 2025, 1:54 p.m. Published Jul 8, 2025, 3:32 a.m.
What to know:
- Bitcoin traders are increasingly buying higher-level call options on Deribit, indicating expectations of bullish price volatility.
- A breach of the $110,000 resistance could lead to increased volatility, with some traders positioning for a rise to $130,000, according to QCP Capital.
- Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility.
Bitcoin traders are increasingly chasing higher-level call options on Deribit, signaling that they are preparing for renewed bullish price volatility.
"Vols remain pinned near historical lows, but a decisive breach of the $110,000 resistance could spark a renewed volatility bid. Some larger players appear to be positioning for just that," Singapore-based QCP Capital said in a market update.
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"They are continuing to add exposure to September $130,000 calls, while steadfastly holding September $115,000/$140,000 call spreads, underscoring a structurally bullish Q3 outlook," QCP added.
A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market. In other words, buyers of the $130,000 strike call expect BTC's spot price to rise above that level.
BTC's price has been stuck between $100,000 and $110,000 for over 50 days as selling by wallets with a history of holding coins for the long term counteracts ETF inflows.
Volatility may pick up soon as the June Fed minutes are due for release on Wednesday. Further, the 90-day tariff pause for many U.S. trading partners has reportedly been extended to Aug. 1.
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