Analyst: Open Bitcoin Call Option Positions Expiring at the End of June Concentrate at $75,000

Bitcoin call options open positions expiring at the end of June are concentrated at $75,000, says Ruslan Lienkha, Head of Markets at YouHodler.Lienkha says, "Call options open positions dominate, with many options traders expecting the price of Bitcoin to exceed a new all-time high by the end of June. " This observation is consistent with data from the Deribit Derivatives Exchange, which also shows that call options expiring at the end of June are concentrated at the $75,000 strike price. Options are derivative contracts that give traders the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a specific date. A call option provides the right to buy and a put option provides the right to sell. Assume that a trader who buys a call option is implicitly bearish on the market, while a buyer of a put option is implicitly bearish.