BTC and ETH Options: Traders Bet on July Price Surge

## Option Market Signals Potential for Sharp BTC and ETH Rises in July Recent analysis suggests option traders are positioning for significant price increases in Bitcoin (BTC) and Ethereum (ETH) during July. This optimism follows a decrease in implied volatility observed throughout June. According to Deribit's Head of Research, Sean Dawson, BTC's 30-day implied volatility dropped from 44% to 36%, while ETH's fell from 68% to 60%. Even geopolitical events in mid-June had a limited impact on volatility. For BTC options expiring on July 25th, a substantial portion of open interest focuses on call options with $130,000-$135,000 strike prices and put options around $85,000-$90,000, indicating traders anticipating large moves in either direction. ETH options show even stronger bullish sentiment, with 80% of open interest in July expirations concentrated in call options above $3,000. While ETH has a stronger bullish outlook currently, positive catalysts such as favorable Fed interest rate decisions, positive macroeconomic data, and easing geopolitical tensions could drive the BTC option market upward as well. ```