According to TechFlow, according to The Block, QCP Capital analysts said that recently, the exercise price of Bitcoin call options expiring in June exceeded US$74,000, and a large amount of buying led analysts to speculate that many investors were betting that the price would rise above US$74,000 by the end of the month.

“Our trading desk is seeing strong bullish follow-through, with significant buying of June-expiring Bitcoin call options, suggesting the options market will decisively break through the all-time high of $74,000 this month,” said analysts at QCP Capital.

The largest group of open interest in bitcoin options expiring at the end of June is call options with a strike price of $75,000, according to data from the Deribit derivatives exchange.

Additionally, on Wednesday, the most traded option on Deribit was a call option with an $80,000 strike price expiring at the end of June, totaling 1,723 contracts with a notional value of more than $123 million.