Deribit Exchange Sees Surging Demand for $300K Bitcoin Call Options as Traders Bet Big on Rally
Demand for the Deribit-listed $300,000 Bitcoin call option has surged, making it the most popular bullish bet for the June quarter expiry. With notional open interest exceeding $600 million—up from $484 million just three weeks ago—traders are increasingly treating this option as a high-stakes lottery ticket.
The contract’s popularity highlights market Optimism for a potential Bitcoin rally above $300,000 by late June. Each options contract on Deribit represents one BTC, creating one of the largest concentrated bullish positions in derivatives markets.