Deribit Exchange Sees Surge in Bitcoin Bullish Bets as Traders Eye Breakout
Bitcoin traders are accumulating high-strike call options on Deribit, signaling expectations of a significant price rally. September $130,000 calls have seen notable demand, while $115,000/$140,000 call spreads remain popular—a clear bet on upward momentum.
Implied volatility lingers NEAR historic lows, but analysts suggest a break above $110,000 could reignite market frenzy. "The structural setup favors bulls in Q3," QCP Capital noted, observing sophisticated positioning in derivatives markets.
The stalemate between persistent ETF inflows and long-term holder distribution has confined BTC to a $100,000-$110,000 range for nearly two months. This equilibrium may soon fracture with Wednesday's Fed minutes release and trade policy developments.
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