Bullish
Trader Sells $173M BTC Calls Betting Price Stays Below $70K
2026-08-04 10:23
A market participant offloaded $173M in BTC call options, targeting a $3.03M premium if Bitcoin remains under $70,000 within the 52-day window.
Woofun AI reports that an on-chain analyst identified a trader who sold $173 million worth of BTC call options. The position reflects a view that BTC will not appreciate by more than 9.5% over the next 52 days. If the asset fails to breach the $70,000 threshold by expiration, the trader retains a $3.03 million premium.
WOOFUN AI
Impact Assessment · Quick Read
This large-scale short call position indicates significant bearish sentiment or hedging activity near the $70,000 resistance level. The substantial premium collected suggests traders are willing to pay for downside protection or are confident in a price ceiling. Such concentrated positioning could exacerbate volatility if BTC approaches the strike price, potentially triggering gamma squeezes.
Generated by WOOFUN AI · For reference only, not investment advice
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