QCP Capital Reports Investor Bets on Bitcoin Price Surge to Record Highs

IconCryptoNewsTerminal Staff05 Jun, 2024

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QCP Capital Reports Investor Bets on Bitcoin Price Surge to Record Highs

Singapore-based crypto trading firm QCP Capital has published a report stating that the majority of open interest in June expiry Bitcoin call options is concentrated at strike prices between $74,000 and $80,000, suggesting that "multiple investors appear to be betting that the price of Bitcoin will increase beyond $74,000 by the end of June, which would mark a new all-time high (ATH) for the cryptocurrency."