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According to one analyst, the latest options data from Binance shows that Bitcoin options traders are betting that BTC could surpass its all-time high by the end of June. Open interest is concentrated at a $75,000 strike price for late June expiration. 
YouHodler's market chief Ruslan Lienkha stated that open interest concentration is focused on Bitcoin's all-time high. Bitcoin hit an all-time high of over $73,000 in mid-March. 
“There is significant open interest dominance and many options traders expect the Bitcoin price to exceed its all-time high by the end of June,” Lienkha said. 
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However, Lienkha predicts that the BTC price will likely continue to consolidate around current levels over the next few weeks. 
Options are derivative contracts that give a trader the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a certain date. A call option gives the right to buy, while a put option gives the right to sell. It is generally assumed that an investor who purchases a call option is indirectly bullish on the market, while a put option buyer is indirectly bearish. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/data-released-analyst-shares-the-date-he-thinks-bitcoin-will-hit-all-time-price-high/">Data Released: Analyst Shares the Date He Thinks Bitcoin Will Hit All-Time Price High</a>

Data Released: Analyst Shares the Date He Thinks Bitcoin Will Hit All-Time Price High

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