Bitcoin options desks picked up a telling signal this week — a surge in call spread activity that pins a $72,000 price target to the final days of July, coinciding with the Federal Reserve’s next policy announcement. Data from the options market, as reported in the original CoinDesk report, shows large traders paying a premium for a structure that profits if BTC rallies toward $72,000 but caps gains above that level. The timing is not accidental.