Bitcoin
Traders are increasingly chasing higher-level call options, which suggests they are preparing for new bullish price volatility.
Singapore-based QCP Capital said in a market update: “Vols are still fixed near all-time lows, but a decisive violation of $110,000 resistance could trigger new volatility bids. Some of the larger players seem to be positioning just for this.”
“They will continue to increase the September 130,000 call while firmly holding the September 115/$140k phone spread, highlighting the structurally bullish Q3 Outlook.”
The call option gives the purchaser the right to purchase the underlying asset at a predetermined price on or before a specific date but is not obligated. Call buyers implied bullishness in the market. In other words, buyers of the $130,000 strike phone call expect the spot price of BTC to rise.
BTC is sold for over 50 days, priced between $100,000 and $110,000, as wallet sales have a long history of holding coins that resist ETF inflows.
Volatility may rise soon when the Fed will release Wednesday in June. In addition, the 90-day tariff suspension for many U.S. trading partners has been reportedly extended until August 1.
