$2.5 billion in BTC call spreads target $72,000 by the month end when the Fed meets
4 Articles
4 Articles
Bitcoin Call Spreads Position For $72K Ahead Of Fed Meeting
Bitcoin options desks picked up a telling signal this week — a surge in call spread activity that pins a $72,000 price target to the final days of July, coinciding with the Federal Reserve’s next policy announcement. Data from the options market, as reported in the original CoinDesk report, shows large traders paying a premium for a structure that profits if BTC rallies toward $72,000 but caps gains above that level. The timing is not accidental…
The bitcoin seems frozen for several sessions. Yet, far from the spot charts, the institutional investors multiply the bets on the derivatives market. An unusual concentration of positions in the very short term reveals that the operators are preparing for an event likely to change the market. Behind this agitation are already emerging the price levels that the professionals monitor before the next US monetary maturities. The Bitcoin article: In…
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