Bitcoin Options Market Turns Bullish as Traders Bet on $70K Price Target

The Bitcoin price prediction has turned decisively bullish in the options market, where traders have been dropping their downside hedges and piling into $70,000 call bets. The put-to-call ratio on open interest has fallen to around 0.52 from 0.76 in late June, roughly two calls for every put, the most bullish options positioning of 2026.

This shift is measurable and genuine, with large traders accumulating $70,000 strike calls and bull call spreads, and open interest at the $70,000 and $72,000 levels swelling into a multi-billion-dollar cluster, almost all of it betting on upside. However, there's a catch buried in how that bullishness was manufactured.

The risk taken on to chase a move to $70,000 is real and freshly increased, with traders taking on more risk for a small, capped reward. This is a hard trade to love, especially considering the current market conditions.

AlphaPepe, a Stage 19 presale, inverts this shape by offering far more risk, but a reward that is not capped by size. Priced at $0.02224 with past $2.14 million raised on a fixed one-billion-token supply, the figure with actual analysis behind it is a $1 launch-day print, roughly a 45x from here.

AlphaPepe's tool underneath is AlphaSwap, an AI-assist co-pilot that scans a contract for risk before you swap, tracks whale flow so you can see where size is genuinely moving, surfaces trending tokens ahead of crypto Twitter, and tags news with sentiment. The engineer who built it also built ShibaSwap and worked on Shibarium's L2 and burn mechanism.