Bitcoin, Surge in Call Option Buying at $130,000 Ahead of FOMC Minutes Release

It has been observed that there has been a sharp increase in traders buying Bitcoin (BTC) call options (the right to buy) in the futures market.

According to the cryptocurrency-focused media outlet CoinDesk on the 8th (KST), crypto analytics firm QCP Capital stated in its report, “Currently, Bitcoin is trading sideways, but if the $110,000 resistance is breached, volatility could expand. Some large investors are already preparing for this.”

QCP Capital highlighted the call option buying trend on the Deribit futures market. QCP Capital noted, “Traders are continuously buying $130,000 call options expiring this September. In addition, the $115,000/$140,000 call spreads are also being maintained,” emphasizing, “This indicates that traders anticipate a bullish third quarter.”

A call option is the right to purchase a particular asset at a predetermined price at a specific time in the future; traders buy these, expecting the asset’s price to rise. Currently, Bitcoin is trading at $107,977. This means traders expect at least a 20% rise in Bitcoin’s price by September.

CoinDesk assessed, “Recently, movements of dormant Bitcoin have been observed, restricting ETF inflows,” and added, “However, volatility could rise depending on the minutes of the Federal Open Market Committee (FOMC) scheduled on the 10th and other factors such as tariffs.”