BlockBeats News, July 16th, Researcher Adam from Greeks.live posted that today a large-scale Bitcoin bullish options trading surged, with a total of 25,766 BTC call options traded, with a notional value of approximately $1.65 billion. Among them, nearly 10,000 sets of the 70,000/72,000 US dollar call spread options expiring at the end of this month were traded, becoming the most active contract.

Adam stated that with only about two weeks left until the end of this month, the large-scale purchase of deep out-of-the-money call options at a premium of about 10% above the current price reflects the market's optimistic expectations for the latter part of this month’s market performance; however, using the low-cost call spread strategy for trading also indicates that funds are still primarily engaged in exploratory positions rather than aggressive bets.