Speculators Rush Toward $130K Bitcoin Options, Sensing Renewed Volatility Ahead

Traders Gear Up for Bitcoin Upswing as $130K Options Draw Interest

Bitcoin has lingered in a tight trading band between $100,000 and $110,000 for over 50 days, but traders are positioning for a potential breakout as options activity surges.

Even with muted spot price movement, derivatives traders on Deribit are signaling optimism about higher bitcoin prices later this year.

“Volatility remains at historically low levels, but a clear move above $110,000 could spark renewed interest in volatility trades,” said Singapore-based QCP Capital in a recent update. “Major market participants are already preparing for that possibility.”

QCP highlighted strong demand for September bitcoin call options with a $130,000 strike price, alongside persistent trading in September call spreads between $115,000 and $140,000. This activity suggests that traders expect bitcoin’s price to rise substantially in the coming months.

Call options allow buyers to purchase bitcoin at a predetermined price before a set expiration date, making them a popular instrument for those betting on future price increases. Traders focusing on the $130,000 strike are effectively wagering that bitcoin will surge well above its current level.

As of now, bitcoin is hovering around $108,574, with ongoing selling pressure from long-term holders offsetting recent spot ETF inflows.

Market watchers are eyeing key catalysts that could shake bitcoin out of its consolidation. The Federal Reserve’s June meeting minutes are set to be released Wednesday, potentially influencing broader risk appetite. Meanwhile, reports indicate that the U.S. government has extended its 90-day tariff pause for several major trade partners until August 1, adding another layer of uncertainty to the economic outlook.