Bitcoin options traders are betting on a breakthrough, foreseeing a rally to $74,000-$80,000 by June’s end. Heavy call buying indicates bullish sentiment, with significant activity in June expiry contracts. Concentrated purchases of call spreads suggest an $80 million demand. Bitcoin’s consolidation near $71,000 precedes a potential surge, fueled by rising ETF inflows and futures interest. A breach of $72,000 may trigger a short squeeze.
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