Deribit Exchange Sees Surge in Bitcoin Call Options as Traders Target $130K

Bitcoin traders are increasingly positioning for a potential rally, with Deribit data showing heightened activity in high-strike call options. The cryptocurrency currently trades at $108,295.28, but market participants are actively accumulating September $130,000 calls and maintaining $115,000/$140,000 call spreads—a clear bet on upward momentum.

Despite Bitcoin's 50-day consolidation between $100,000 and $110,000, QCP Capital analysts suggest a breakout above $110,000 could reignite volatility. "Some larger players appear to be positioning for just that," the Singapore-based firm noted in a market update. The stagnation has been attributed to long-term holder distribution offsetting ETF inflows.

Upcoming macroeconomic catalysts—including Wednesday's Federal Reserve meeting minutes release and the extension of U.S. tariff pauses until August 1—could provide the necessary impetus for Bitcoin's next leg higher. Options markets now reflect growing institutional conviction that the digital asset may soon test record territory.