{"id":548992,"date":"2026-07-20T16:30:51","date_gmt":"2026-07-20T15:30:51","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=548992"},"modified":"2026-10-26T17:58:25","modified_gmt":"2026-10-26T17:58:25","slug":"bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/","title":{"rendered":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally"},"content":{"rendered":"

Deribit\u2019s July 31 options board shows more than 20,000 Bitcoin call contracts open at both the $70,000 and $72,000 strikes.<\/p>\n

The two strikes represent the largest call concentrations for that expiry, with roughly 27,000 contracts at $70,000 and 21,000 at $72,000, according to the exchange's data as of press time. Bitcoin sits near $64,289, placing the lower strike about 8.9% above spot.<\/p>\n

Deribit Chief Commercial Officer Jean-David P\u00e9quignot told CoinDesk that one large block involved buying 20,000 July 31 calls at $70,000 and selling the same number at $72,000.<\/p>\n

The exchange data concentration independently confirms substantial positioning at the strikes in the 20,000-by-20,000 bull call spread.<\/p>\n

Based on that construction, the two legs carry roughly $2.5 billion in aggregate gross notional at prevailing Bitcoin prices. Premium paid, capital committed and net exposure are separate measures from that figure.<\/p>\n

The options expire two days after the Federal Reserve\u2019s next policy decision. Together, the strike concentration, expiry and spot gap define a tactical test for Bitcoin during the final days of July.<\/p>\n

\"Deribit<\/a>
Deribit\u2019s July 31 Bitcoin options board showed more than 20,000 call contracts open at both the $70,000 and $72,000 strikes on July 20. Open interest confirms the concentration but does not disclose ownership or trade direction. Source: Deribit.<\/figcaption><\/figure>\n

One spread inside a larger options concentration<\/h2>\n

Under the reported structure, the $70,000 calls provide upside exposure above the lower strike at expiry, while selling the same number of $72,000 calls reduces the cost and caps further gains. The resulting bull call spread reaches its maximum payoff once Bitcoin finishes at or above the upper strike.<\/p>\n

The structure can express a directional view, offset another options position, or hedge a separate exposure. Neither Deribit\u2019s open-interest chart nor the reported block identifies the counterparty\u2019s wider portfolio, so the position speaks most clearly through its capped payoff and short expiry.<\/p>\n

CryptoSlate's July 17 review of options positioning<\/a> found roughly $4.5 billion of call open interest between $70,000 and $80,000. Open interest counts outstanding contracts; direction depends on how calls are bought, sold, and combined with the rest of a portfolio. The concentration highlights the price area without turning every contract into the same bullish wager.<\/p>\n

A separate July prediction market snapshot<\/a> from July 20 assigns a 14.5% probability to Bitcoin touching $70,000 during the month and 4.1% to touching $72,500. The $67,500 threshold stands at 34.5%, while a downside touch of $62,500 stood at 67.4%.<\/p>\n

Each threshold is a standalone, non-exclusive binary, so Bitcoin can trigger several during a volatile month. The contracts measure whether a level is touched at any point in July.<\/p>\n

The options spread instead has a payoff tied to its July 31 expiry structure. The percentages therefore provide wider market context while answering a different question from the spread.<\/p>\n\n\n\n\n\n\n\n\n
Signal<\/th>\nLevel or reading<\/th>\nWindow<\/th>\nWhat it measures<\/th>\n<\/tr>\n<\/thead>\n
Bitcoin spot snapshot<\/td>\n$64,289.73<\/td>\nJuly 20, 08:24 UTC<\/td>\nReference price at one point in time<\/td>\n<\/tr>\n
July 31 call positioning<\/td>\nMore than 20,000 contracts at both $70,000 and $72,000<\/td>\nJuly 31 expiry<\/td>\nDeribit open interest confirms the strike concentration; the matched spread structure remains reported<\/td>\n<\/tr>\n
July threshold contracts<\/td>\n14.5% for $70,000; 4.1% for $72,500<\/td>\nJuly 20, 09:12 UTC<\/td>\nSeparate probabilities of touching each level during July<\/td>\n<\/tr>\n
Institutional scenarios<\/td>\nRoughly $38,000 to $150,000<\/td>\nEarly October, year-end or 12 months<\/td>\nConditional models, support zones and research targets<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Fed timing leaves demand as the July test<\/h2>\n

The Federal Reserve's official calendar<\/a> places the next Federal Open Market Committee meeting on July 28 and 29. The policy decision is scheduled for 2 p.m. Eastern on July 29, followed by a press conference at 2:30 p.m. The call spread expires on July 31.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Bitcoin pushes toward $65,000 on US inflation relief that may already be fading<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

The Fed decision lands in the trade\u2019s final stretch. From Bitcoin\u2019s July 20 price, a move into the $70,000 to $72,000 band would still require a push through the $69,000 area, where recent buying and selling has clustered.<\/p>\n

CryptoSlate's July 19 on-chain analysis<\/a> placed an immediate recent-buyer cost-basis test near $69,000, with Bitcoin below it at the time. The same analysis identified $52,891 as a conditional lower stress boundary if weak demand persisted. Both levels change as coins transact, making them moving reference points instead of fixed destinations.<\/p>\n

US spot Bitcoin exchange-traded fund flows provide a second check on demand. Farside's daily table<\/a> recorded $197 million in net inflows during July 6 to 10 and $75 million during July 13 to 17, for a combined $272 million. One session produced a $424 million outflow, showing how quickly the short positive run could reverse.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Bitcoin ETFs lose over $424M, wiping out last week\u2019s gains as recovery fails first test<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

ETF buyers still added $272 million over the two weeks, but the $424 million one-day outflow showed how quickly that support could disappear. A sustained move through the $69,000 to $70,000 area alongside steadier inflows would provide broader confirmation for the bullish spread. Continued failure at that zone would leave the trade as an isolated tactical position into expiry.<\/p>\n

Longer forecasts run on different clocks<\/h2>\n

NYDIG, a digital-asset financial services firm, said on July 10 that matching the duration of the prior two major cycle drawdowns, paired with a shallower decline of roughly 70%, could imply a potential low around $38,000 to $39,000 in early October.<\/p>\n

Coinbase Institutional's July 3 analysis<\/a> identified $58,000 to $59,000 as the first high-strength support zone, followed by $48,000 to $50,000, roughly $42,000 and $39,000 to $40,000 if higher levels failed. Its July 6 positioning note<\/a> described June month-end positioning as flushed, and options skew as tilted toward downside protection. Both pieces preceded the July 18 call-spread flow and provide an earlier risk baseline.<\/p>\n

Citi cut its 12-month Bitcoin target from $112,000 to $82,000 and set a $53,000 bear case conditioned on recession and continued ETF outflows. Citi also reduced its assumed 12-month net ETF inflows to zero from $10 billion. In two other outlooks, Standard Chartered retained a $100,000 end-2026 target, while Bernstein retained an explicitly ambitious $150,000 year-end target.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Wall Street still says Bitcoin can hit $100,000, the market is starting to doubt it<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

These numbers span an early-October cycle scenario, conditional support zones, a 12-month bank target and year-end targets.<\/p>\n

The July decision tree is shorter: spot must cover the 8.9% gap to $70,000, absorb selling around the recent-buyer cost basis and do so through an uneven ETF-flow backdrop.<\/p>\n","protected":false},"excerpt":{"rendered":"

The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.<\/p>\n","protected":false},"author":1264,"featured_media":549055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,60840,39,77968,6849],"tags":[81073,76769,80952,78262,76718,78340],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally<\/title>\n<meta name=\"description\" content=\"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally\" \/>\n<meta property=\"og:description\" content=\"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-20T15:30:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-26T17:58:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitcoin-market-resistance-demand-test.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam 'Akiba' Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\"]},\"headline\":\"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally\",\"datePublished\":\"2026-07-20T15:30:51+00:00\",\"dateModified\":\"2026-10-26T17:58:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\"},\"wordCount\":984,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"BTC\",\"coinbase institutional\",\"deribit\",\"ETF\",\"NYDIG\"],\"articleSection\":[\"Analysis\",\"Derivatives\",\"Exchanges\",\"Featured\",\"Trading\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\",\"url\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\",\"name\":\"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-07-20T15:30:51+00:00\",\"dateModified\":\"2026-10-26T17:58:25+00:00\",\"description\":\"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally","description":"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally","og_description":"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.","og_url":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/","og_site_name":"CryptoSlate","article_published_time":"2026-07-20T15:30:51+00:00","article_modified_time":"2026-10-26T17:58:25+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitcoin-market-resistance-demand-test.jpg","type":"image\/jpeg"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright"]},"headline":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally","datePublished":"2026-07-20T15:30:51+00:00","dateModified":"2026-10-26T17:58:25+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/"},"wordCount":984,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["Bitcoin","BTC","coinbase institutional","deribit","ETF","NYDIG"],"articleSection":["Analysis","Derivatives","Exchanges","Featured","Trading"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/","url":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/","name":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-07-20T15:30:51+00:00","dateModified":"2026-10-26T17:58:25+00:00","description":"The headline figure is gross notional for one capped spread, while $72,500 touch odds stood at just 4.1%.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/bitcoin-gets-2-5b-target-for-72000-before-august-as-unknown-trader-bets-big-on-fed-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/548992"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=548992"}],"version-history":[{"count":9,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/548992\/revisions"}],"predecessor-version":[{"id":577270,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/548992\/revisions\/577270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/549055"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=548992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=548992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=548992"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=548992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}