Deribit Exchange Sees Surging Demand for Bitcoin $130K Calls as BTC Shatters Resistance

Bitcoin confirmed its bullish momentum with a historic weekly close above $109,000, decisively breaking through a critical resistance level that had thwarted three prior attempts. This breakthrough sparked aggressive options activity, with traders accumulating September $130,000 call contracts on Deribit.

Market makers report sustained demand for September $115,000/$140,000 call spreads, signaling institutional expectations for Q3 upside potential. The options FLOW indicates growing conviction that a clear break above $110,000 could trigger accelerated volatility.

Spot markets reflect a tug-of-war between opposing forces: long-term holders continue distributing coins while ETF inflows maintain structural demand. Exchange balances have dropped to 2016 levels after institutions replenished $1 billion in BTC exposure following brief profit-taking.