Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
One market observer noted "very concentrated call buying" looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
Options trading desks saw heavy buying activity for BTC calls with June expiry.
BTC "ready to squeeze higher" with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted.
