Bitcoin open interest is concentrated at a strike price of $75,000 for the end-of-June expiry, an analyst said.
Based on recent options data from Binance, bitcoin open interest is concentrated at a strike price of $75,000 for the end-of-June expiry, an analyst said.
"There is significant call open interest domination, and many option traders expect the bitcoin price to surpass its all-time high by the end of June," Lienkha told The Block. There is a concentration of calls at a strike price of $75,000 for the end-of-June expiry. Image: Deribit.However, the bitcoin price will likely continue consolidating around current levels in the next few weeks, Lienkha said.
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