Corporates Did Not Give Up Hope on Bitcoin: The Expected Price Has Been Announced!

Option data specific to Bitcoin (BTC) points to the bullish expectations of institutional investors.

The put-call ratio of Bitcoin options has managed to remain optimistic ahead of the three-month expiration at the end of June, analysts noted.

Mt. The fact that option markets remained positive despite the Bitcoin sales by Gox and Germany was interpreted by analysts as a data that should be taken into consideration.

There is high demand for Bitcoin at $65 thousand and above

Cube.Exchange CEO Bartosz Lipinski told The Block that call options are more than put options, especially from $65,000 and above. He emphasized that this means that bulls will be ready if bullish momentum comes:

Especially from levels of $65,000 and above, call options are much more numerous than put options. This should be considered a result of the bullish trend we had at the beginning of the month, and not the current situation where German authorities sold large amounts of bitcoin, saw an outflow of nearly $900 million from spot Bitcoin ETFs last week, and a significant decline from recent highs.