Options Traders Bet Bitcoin Price Could Break Record Highs by End of June
May 10 (Bloomberg) -- Bitcoin options data shows that call options expiring through the end of June are focused on a strike price of $75,000, according to The Block.Ruslan Lienkha, director of markets at YouHodler, noted that many traders expect the price of bitcoin to surpass its all-time high of $73,000. While the bitcoin price is likely to remain stable in the short term, options trading activity suggests that the market is optimistic about future moves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: The current Crypto Fear & Greed Index is 9, indicating an extreme fear state.
Multiple U.S. hedge funds reduced holdings in the "Tech Magnificent Seven" in Q3
DCR is currently priced at $37.04, up 10.6% in the past 24 hours.