Huo Xing Finance reports that on July 16, researcher Adam from Greeks.live posted that today saw a significant increase in large-scale Bitcoin call option trades, with a total of 25,766 BTC in call options traded, representing a notional value of approximately $1.65 billion. Among these, nearly 10,000 lots of the $70,000/$72,000 bull call spread expiring at the end of this month were traded, making it the most actively traded contract. Adam noted that with only about two weeks remaining until expiration, the large-scale purchase of out-of-the-money call options priced roughly 10% above the current price reflects market optimism regarding late-month price movements; however, the use of the lower-cost bull call spread strategy also indicates that capital is primarily engaged in tentative positioning rather than aggressive bets.
Bitcoin call options volume reaches $1.65B as traders bet on a late-July rally.
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Summary
Bitcoin call options trading volume surged to $1.65 billion on July 16, 2026, according to Adam from Greeks.live. A total of 25,766 BTC call options were traded, with the most active contracts being bullish call spreads at $70,000 and $72,000 strike prices. These options are set to expire at month-end. The majority of activity centered on out-of-the-money calls, approximately 10% above current prices, reflecting market optimism. Traders are employing cost-efficient spreads, signaling a measured approach in the options market.
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