Deribit Exchange’s $300K Bitcoin Call Option Demand Surges as Traders Eye Parabolic Rally
Demand for Deribit’s $300,000 Bitcoin call option has surged, cementing its status as the most popular bullish bet for the June quarterly expiry. Open interest now exceeds $600 million, up from $484 million just three weeks ago.
Traders are treating the out-of-the-money contract as a high-risk, high-reward lottery ticket. The activity reflects growing speculation that bitcoin could stage a parabolic rally to unprecedented levels by late June.