Analysis: Bitcoin block call options logged $1.65 billion in trading volume today, as traders are bullish on the cryptocurrency’s performance in the latter part of this month.
2026.07.16 19:32:08
Greeks.live researcher Adam published a note stating that Bitcoin saw a sharp rise in bulk call option trading today, with a total of 25,766 BTC call options traded, carrying a nominal value of approximately $1.65 billion. Among these, the bull call spread strategy with strike prices of $70,000/$72,000 expiring at the end of this month saw nearly 10,000 contracts traded, becoming the most active contract. Adam noted that with only around two weeks left until month-end, the large-scale purchase of out-of-the-money call options roughly 10% above the current price reflects the market’s optimistic expectation for Bitcoin’s performance in late this month. However, the adoption of the low-cost bull call spread strategy also indicates that capital is still positioned tentatively rather than making aggressive bets.
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