Bitcoin Call Options Concentrated Above 75000 RMB Could Break ATH This Month

Recently, a large number of bullish options with a strike price exceeding $74,000 have appeared in the Bitcoin options market, set to expire in June. Analysts speculate that many investors are betting on Bitcoin’s price surpassing $74,000 by the end of this month. QCP Capital analysts expressed on social media that, according to data from the derivatives exchange Deribit, the largest open interest in bullish options with a strike price of $75,000, set to expire at the end of June, has a notional value of $920 million.


Furthermore, the highest trading volume on Deribit on Wednesday was for bullish options with a strike price of $80,000, with a total of 1723 contracts traded, representing a notional value of over $123 million. According to the GTRadar weekly report, the increase in ETF fund inflows this week seems to be evidence of institutional demand picking up, but whether this demand will continue to grow depends on whether Bitcoin can break through key resistance levels and the results of this week’s non-farm payroll data.
Stocklytics analyst Neil Roarty also shared a similar view, stating during an interview: