Bitcoin Eyes $110,000 Breakout as Large Funds Ramp Up Call Options for Bullish Q3

On July 7, QCP Capital highlighted that despite current volatility remaining near historic lows, a decisive breach of the $110,000 resistance level could catalyze a fresh phase of heightened market activity. Institutional investors appear to be positioning strategically, evidenced by increased accumulation of call options with a $130,000 strike price set to expire in September. Additionally, these large funds maintain a call option spread between $115,000 and $140,000, signaling a calculated anticipation of a structurally bullish market environment in the third quarter. This measured approach underscores a growing consensus among sophisticated market participants about potential upward momentum, reflecting prudent risk management and forward-looking investment strategies within the crypto derivatives landscape.