Trader Sells $173M Notional in BTC $70K Calls, Signaling Bitcoin Stays Below $70K Through Sept. 25
AI Market Summary
A trader sold 2,709 BTC call options struck at \u002270,000\u0022 expiring Sep 25 (about \u0022173M\u0022 notional), collecting roughly \u00223.03M\u0022 in premium. The flow signals willingness to cap upside above the strike over the next ~7 weeks and can add near-term overhead supply via option hedging dynamics. While not fundamental, large short-call positioning can influence implied volatility and short-dated price behavior.
Impact level
● Medium
Affected assets
BTC/USDT+1.60%
AI Insight · BTC/USDTAI Insight
● Neutral
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Huo Xing Finance reported on Aug. 4, citing onchain analyst Aunt Ai (@ai_9684xtpa), that a trader sold 2,709 BTC call options struck at $70,000 with an expiration date of Sept. 25. The position carries roughly $173 million in notional value and implies a view that Bitcoin will not gain more than about 9.5% over the next 52 days. The trader collected approximately $3.03 million in option premiums. If BTC settles below $70,000 at expiry, the seller keeps the full premium; a sharp move above the strike could lead to losses.
