What to Expect for Bitcoin (BTC) and Ethereum (ETH) in July? Will There Be a Big Rise? Analyst Explained!

Bitcoin fell below 100 thousand dollars in June due to the tensions in the Middle East. However, following the positive news that came afterward, it rose to around 109 thousand dollars.

After a highly volatile June, investors have turned to July for a rally.

At this point, an analyst stated that options investors are betting on a significant upward trend for Bitcoin and Ethereum in July.

According to The Block, Derive. Xyz research president Sean Dawson stated that in June, the implied volatility for Bitcoin (BTC) and Ethereum (ETH) decreased, which led investors to expect a sharp rise in July.

"There were significant declines in Bitcoin and Ethereum during the times of rising tensions in the Middle East on June 13 and 22.

However, the temporary increases in volatility indicated that the markets were betting on a limited decline. And that's exactly what happened. The decline was temporary and BTC, ETH recovered.

At this point, Dawson stated that the decrease in volatility and the limited decline in June prompted option investors to move in a bullish direction.

Dawson stated that Drive.xyz's options data presents a relatively more balanced view for Bitcoin, but shows a stronger bullish momentum for Ethereum.

According to the data, approximately 80% of the July call options for Ethereum are above $3,000.

"Traders are betting on a big July where volatility is suppressed and there is a split in bullish positions"

All eyes are now on the FED, macro data, and further geopolitical developments.

ETH has a stronger momentum narrative, but BTC is at a turning point in the options market.

Because about half of all open interest that will expire on July 25 is in call options at $130,000 to $135,000, while the other half is in put options at $85,000 to $90,000. This equates to a significant breakout for BTC.