IBIT: Call Options Volume Hits Record 1.58 Million

IBIT call options volume surged to 1.58 million contracts on Wednesday, the largest daily volume on record, while exceeding 1 million contracts across the last three sessions. Call skew jumped 0.05 points over those three days, the biggest such increase in at least two years and more than triple the average move since January 2025, showing investors paying up for upside exposure in the largest Bitcoin ETF.

Bitcoin trades at $79602.72 on the 4-hour chart inside a bullish structure defined by the EMA50 at $72637.94 and EMA200 at $67087.88. Price is testing the upper Bollinger Band resistance at $78979.75 while RSI(14) prints 74.98 in overbought territory and MACD registers a bearish death cross at 1899.54. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $72637.94 seems probable before further continuation. This options-driven BTC price prediction aligns with the ongoing crypto market rally as institutions chase exposure.