On July 18, data from the options trading platform Deribit showed that traders established $2.36 billion in notional open interest on call options at $140,000, becoming the platform's most popular bet. Call options at $120,000 and $130,000 also received strong allocation. In contrast, the open interest for put options at $100,000 was only half of the largest call contract, overall highlighting a strong bullish market sentiment.
The Ethereum options market also signals a bullish trend. According to Amberdata, call options at $4,000 lead with $650.8 million in open interest, while call options at $6,000 have also attracted nearly $280 million in funds.
Decentralized platform data further validates Ethereum's optimistic stance. Derive stated that 25% of ETH trading volume in the past 24 hours was concentrated on call options with strike prices of $3,000-4,000, expiring on July 25, with call options at $4,000 on this expiration date occupying 8% of open interest. "This strongly indicates that traders expect prices to break through rapidly and continuously, and as bullish confidence grows, leveraged long demand is increasing," said Sean Dawson, Research Director at Derive.
