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Traders Accumulate 40,000 Bitcoin Call Spreads on Deribit, Betting $72K by Month End

Derivatives Data Price Prediction

2026-07-19 14:39:37

BTC-0.82%

According to CoinDesk, traders on Deribit this week accumulated a large-scale call spread position on Bitcoin expiring July 31. They bought 20,000 call options with a strike of $70,000 and simultaneously sold 20,000 calls at $72,000, totaling 40,000 contracts with a notional value of approximately $2.5 billion. The positioning reflects expectations for a modest price increase toward the $70,000–$72,000 range, according to Deribit chief commercial officer Jean-David Péquignot. The expiry date falls just two days after the Federal Reserve's rate decision on July 29, suggesting large traders may be positioning ahead of the policy announcement.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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