🚀 Bitcoin Bulls Bet Big: Traders Eye $130K BTC Price Target with September Call Options

Wall Street’s crypto gamblers are doubling down—September call options signal a $130K Bitcoin price target as traders ignore 'overbought' warnings.

### The Options Frenzy Explained

Deribit data shows whales loading up on out-of-the-money calls, betting big on a pre-halving rally. Never mind that 90% of options expire worthless—this is crypto, where hope burns brighter than a Mt. Gox creditor’s patience.

### Why September Matters

Historically a brutal month for crypto, traders are flipping the script. The $130K strike represents a 70% premium to current prices—because when has greed ever backfired in this market?

### The Punchline

Hedgies want their 2021 moon mission redux. Whether this plays out as genius positioning or another 'buy high, sell low' masterclass depends entirely on the Fed’s printer. Place your bets.

TLDR

• Bitcoin closed above $109K for the first time ever, breaking a key resistance level after multiple failed attempts
• Traders are buying September $130K call options on Deribit, expecting continued bullish price movement
• BTC has been trading between $100K and $110K for over 50 days with long-term holders selling offsetting ETF inflows
• Liquidation data shows $85 million in leverage clustered around $107K, creating a potential support zone
• Institutional investors bought back over $1 billion in BTC after brief selling, with exchange deposits falling to 2016 levels

Bitcoin achieved its first weekly close above $109,000 on July 6th, marking a breakthrough after three previous failed attempts at this resistance level. The cryptocurrency ended the week at $109,216, surpassing the previous high of $109,004.

This price action has triggered renewed interest from options traders. Singapore-based QCP Capital reports that traders are adding exposure to September $130,000 calls on Deribit. They are also maintaining September $115,000/$140,000 call spreads, indicating a bullish outlook for the third quarter.

The options activity suggests traders expect volatility to increase if Bitcoin breaks above $110,000. Call options give buyers the right to purchase Bitcoin at a predetermined price, with the $130,000 strike calls indicating expectations for substantial price gains.

Current Price Range and Resistance

Bitcoin has been trading between $100,000 and $110,000 for more than 50 days. Long-term holders have been selling their positions during this period, which has counteracted inflows from bitcoin ETFs.

The $110,000 level remains a key resistance point that needs to be reclaimed with volume before any all-time high retest becomes valid. If this level fails to hold, technical analysis suggests the next support zone sits at $104,984.

Liquidation Data and Support Levels

Liquidation heatmap data from Binance shows minimal leverage between current prices and $110,000. However, there are substantial liquidity clusters between current levels and $107,000.

At $107,731.15, total liquidation leverage stands at $85 million. This concentration suggests Bitcoin may drop to the $107,000 region to absorb this liquidity before attempting another MOVE higher.

Institutional Behavior and Market Sentiment

Long-term investor behavior has shifted in recent days. Binary Coin Days Destroyed data from CryptoQuant showed a drop on July 7th, indicating major players have resumed holding rather than selling.

Institutional investors through Bitcoin Spot ETFs have shown renewed buying interest. After selling on July 1st, institutions bought back over $1 billion in BTC within days.

Exchange Depositing Addresses have fallen to just 22,000, the lowest level since 2016. This suggests investors are moving Bitcoin to cold storage rather than keeping it on exchanges for quick sales.

Net Realized Profit and Loss data shows selling pressure has decreased. After peaking at $9.08 billion in total Realized Profit on July 4th, it declined to just $315 million by July 7th.

Whale activity has also changed. Holders of between 10,000 and 100,000 BTC re-entered the market in March and July, choosing to accumulate rather than sell despite Bitcoin’s high profitability.

Volatility could increase this week with the Federal Reserve minutes release scheduled for Wednesday. The 90-day tariff pause for U.S. trading partners has been extended to August 1st.