According to QCP Capital analysts, recently, the bullish Bitcoin options with a strike price above $74,000 expiring in June have seen a large amount of buying. This has led analysts to speculate that many investors are betting on the price rising above $74,000 by the end of the month.
QCP Capital analysts stated: “Our trading desk has seen strong bullish follow-up, with a large number of June Bitcoin call options bought, indicating that the options market will decisively break the historical high of $74,000 this month.”
According to data from the Deribit derivatives exchange, the largest group of open Bitcoin options contracts expiring at the end of June are bullish options with a strike price of $75,000. Additionally, on Wednesday, the highest traded options on Deribit were bullish options expiring at the end of June with a strike price of $80,000, totaling 1723 contracts with a notional value exceeding $123 million.
