Institutions Are Ready for Bitcoin Bull: Data Points to a Critical Date!

Leading names of the cryptocurrency market made statements about the current situation of the market.

Giant names of the cryptocurrency market talked about the Bitcoin bull and the option transactions made by corporates.

Institutional investment company Paradigm pointed out the increase in transaction volumes, stating that option flows were concentrated in June and July.

Option flow rose today, with large sizes in long Bitcoin calls at the end of June and, to a lesser extent, large sizes at the end of July.

Joshua Lim, co-founder of crypto derivatives major trading firm Arbelos Markets, noted that there was “very heavy call buying” expiring on June 28, with approximately 1,100 contracts purchased in $74,000-$80,000 transactions, representing around $80 million in notional demand.

Matrixport emphasized that it could lead to a short squeeze above the $72,000 level, as there is a $1.5 billion short position in this range. Analysts stated that the shorts liquidity in question could be fuel for the new peak.

QCP Capital, which made similar statements recently, stated that corporates were making bullish preparations and warned investors to be ready for rises.