Trader Sells $173M in BTC Call Options, Wagers Bitcoin Stays Below $70,000 Until Sept. 25

AI Market Summary
A large options trader reportedly sold 2,709 BTC call options (~$173m notional) with a $70k strike expiring Sept 25, collecting about $3.03m in premium if BTC settles below that level. The positioning suggests capped upside expectations over the next ~52 days and can influence short-term dealer hedging flows and implied volatility around the $70k strike, shaping near-term market positioning rather than fundamentals.
Impact level
● Medium
Affected assets
BTC/USDT+2.01%
AI Insight · BTC/USDTAI Insight
● Neutral
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On-chain analyst Ai Yi (@ai_9684xtpa) said trader @GreeksLive has sold 2,709 Bitcoin call options with a combined notional value of about $173 million, positioning for BTC to remain under $70,000 through the contracts’ Sept. 25 expiry. If Bitcoin finishes below that strike at expiration, the trader is set to collect roughly $3.03 million in premium income, suggesting muted expectations for a major rally over the next 52 days.