📝Will Bitcoin achieve #bitcoin، new highs this month? That's what options traders think.
The Bitcoin options market (#BTC☀️ ) is seeing an increase in positions betting on the digital currency reaching new highs this month.
✅Digital asset hedge fund #QCP noted in a market update on Wednesday that it “sees strong demand for June call options contracts. This indicates an expectation of a decisive break above the $74,000 level and a new high this month.”
🔀Joshua Lim, co-founder of derivatives trading firm Arbelos Markets, noted “heavy buying of put options” on Tuesday with about 1,100 put options contracts purchased on June 28 at prices between $74,000 and $80,000, representing an order worth about $80 million. .