CoinDesk·3 min read·hard
Massive bitcoin call spreads target $72,000 by month end, right when the Fed meets
O
Omkar Godbole
✦AI Summary
Institutional traders are placing large bets on Bitcoin reaching $72,000 by the end of July through bull call spreads. This activity aligns with the upcoming Federal Reserve interest rate decision, suggesting investors view the meeting as a potential market catalyst.
Bitcoin BTC $ 64,128.55 traders are betting billions that the cryptocurrency's spot price will climb to $72,000 by the month’s end, a timeline that lines up with the July Federal Reserve meeting.
businesscryptoeconomy
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