Bitcoin: $1.65B Bulk Call Options Trade Hits

Bitcoin recorded explosive bulk call option trading today totaling 25,766 BTC for a $1.65 billion notional value, led by nearly 10,000 contracts of the 70K/72K bull call spread expiring month-end.

Traders executed these 10% out-of-the-money calls with two weeks left, signaling measured optimism for a rebound while keeping notional exposure light in what appears a cautious dip-buy attempt after months of subdued action.

With BTC price at $64251.85 inside Bollinger Bands, the 4-hour chart shows price testing toward upper resistance at $66075 while EMA50 support at $63711 and EMA200 at $63720 anchor the bullish structure; MACD golden cross at 308.4 reinforces trend strength even as RSI at 52.04 stays neutral, suggesting continuation after any pullback to the 50-EMA before fresh highs. This setup aligns with recent BTC price prediction models that factor institutional options flow rather than retail-driven crypto market crash fears seen earlier this year.