ANALYSIS: Options data suggests BTC may rise above $74,000 by month's end
Bitcoin calls expiring at the end of June exceeded $74,000, and heavy buying led analysts to speculate that many investors appreciated more than $74,000 at the end of the month, analysts at QCP Capital said. The largest group of open Bitcoin call options expiring at the end of June are Bitcoin calls expiring at the end of June, according to data from the Deribit Pin Exchange. Additionally, on Wednesday, the most traded call option on Deribit with a price of $80,000 expiring at the end of June totaled 1,723 contracts with a notional value of more than $123 million.
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