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5 hours ago
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Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility.
Jul 8, 2025, 3:32 a.m.
Bitcoin
traders are increasingly chasing higher-level call options on Deribit, signaling that they are preparing for renewed bullish price volatility.
"Vols remain pinned near historical lows, but a decisive breach of the $110k resistance could spark a renewed volatility bid. Some larger players appear to be positioning for just that," Singapore-based QCP Capital said in a market update.
"They are continuing to add exposure to September $130k calls, while steadfastly holding September $115/$140k call spreads, underscoring a structurally bullish Q3 outlook," QCP added.
A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market. In other words, buyers of the $130,000 strike call expect BTC's spot price to rise above that level.
BTC's price has been stuck between $100,000 and $110,000 for over 50 days as selling by wallets with a history of holding coins for the long term counteracts ETF inflows.
Volatility may pick up soon as the June Fed minutes are due for release on Wednesday. Further, the 90-day tariff pause for many U.S. trading partners has reportedly been extended to Aug. 1.
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
