Bitcoin options traders are betting on a new ATH by the end of June
According to Ruslan Lienh, head of markets at Cyprus exchange YouHodler, options data from Binance suggests that open interest in Bitcoin is concentrated at the $75,000 strike price for the end-June expiration.
Now the concentration of open interest is concentrated at the historical maximum of Bitcoin. Let us recall that in mid-March the price of Bitcoin reached its historical maximum of more than $73,000.
This view is supported by data from derivatives exchange Deribit, which also shows a concentration of calls at a strike price of $75,000 expiring at the end of June.
Concentrated calls at $75,000 strike price expiring at the end of June. Image: Deribit
As for the price of Bitcoin, according to Lienha, it will most likely continue to consolidate around current levels in the next few weeks.
