Whales Make Their Decision: They Expect a Historic Record in Bitcoin by This Date! - A First is Happening!

The leading cryptocurrency Bitcoin (BTC) and altcoins is continuing to recover after being hit in the trade war between the USA and China.

At this point, BTC rose above 97 thousand dollars, while significant increases were also seen in altcoins.

As this recovery increases the bullish expectations among investors, Bitcoin whales are opting for the $300,000 call as the second most active option in June.

According to Coindesk, the $300,000 Bitcoin call option, which will expire on June 26, became the second most active position among June expiration options with over 5,000 open contracts and $484 million in notional open interest, according to Deribit data.

In contrast, the $110,000 call option for BTC continues to be the most popular among option investors.

GSR derivatives trader Spencer Hallarn likened the $300,000 options to a lottery ticket, stating:

"Maybe people love buying lottery tickets. As the call slope shows, there are always people who want to protect themselves from hyperinflation."

Noting that the 300,000 dollar options have garnered significant interest among investors, he stated, "The Deribit BTC options market experienced similar flows in previous bull cycles. However, these options did not gain enough popularity to rank as the second most preferred bet over a three-month term. None attracted interest at this level."