Massive bitcoin call spreads target $72,000 by month end, right when the Fed meets
Large traders are betting on a BTC price rise to $72,000 by the end of the month, latest options market flow suggests.
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Summary
- Traders have bought $2.5 billion in notional bitcoin call spreads on Deribit, targeting $72,000 by July 31.
- The timing aligns with the Fed’s July 29 interest rate decision, with markets currently favoring a hold.
