
$10,000 Reset Pins Bitcoin Call Option Bulls at $70,000
Bitcoin bulls didn't fold. They moved their biggest call bet down to $70,000, where $1.63B in open interest could shape BTC's next move.
Jul 16, 20266 min read0 reactions0 comments
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Bitcoin bulls didn't fold. They moved their biggest call bet down to $70,000, where $1.63B in open interest could shape BTC's next move.

Bitcoin options traders are paying 10%-plus premiums for puts as BTC and ETH test key support before a possible break.

Bitcoin and ether bounced, but options traders still favor puts. The rally has momentum, not conviction.
The Securities and Exchange Commission approved Nasdaq PHLX's Bitcoin index options trading under ticker QBTC, marking another milestone in regulated cryptocurrency derivatives expansion.