#币圈观察员 BTC Options trader expects prices to hit a new high, breaking $74,000

Market data shows that Bitcoin (BTC) options traders are continuously betting on the asset hitting a new high this month. Digital asset hedge fund QCP stated in Wednesday's market update: 'Our trading desk has seen strong bullish trends, with a large amount of call options purchased expiring in June, indicating that the options market may break the historical high of $74,000 this month.'
Joshua Lim, co-founder of Arbelos Markets, a major player in encryption derivatives, pointed out that on Tuesday, there was a significant concentration of call options buying, with approximately 1,100 call option contracts expiring on June 28 being purchased at exercise prices ranging from $74,000 to $80,000, equivalent to a notional demand of about $80 million.
Institutional encryption derivatives trading network Paradigm broadcasted on Telegram: "Today's options flow is obviously bullish, with a larger long scale outside the bullish spread of BTC price at the end of June, and a smaller scale at the end of July."
Matrixport pointed out that breaking the $72,000 level could trigger shorts squeeze, as leveraged futures contracts worth about $1.5 billion betting on lower prices are concentrated in this range, which could be liquidated, exacerbating the pump trend.