Massive bitcoin call spreads target $72,000 by month end, right when the Fed meets

According to CoinDesk, significant trading activity in the bitcoin options market indicates a bullish outlook, with large investors purchasing $2.5 billion in call spreads targeting a price of $72,000 by the end of July. This surge in options trading coincides with the Federal Reserve's upcoming interest rate decision, leading some to believe that the Fed's actions could influence bitcoin's price movements as it recently rebounded from under $58,000 to around $64,000. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.