Bitcoin Traders Bet on Imminent Price Surge Above $74K

Options traders are bullish on Bitcoin (BTC), with significant call buying activity suggesting anticipation of a breakout above $74,000 by the end of June. Market observer Joshua Lim notes concentrated call buying in the $74,000-$80,000 strike range, indicating a bullish outlook. Matrixport highlights a potential short squeeze above $72,000, as there's $1.5 billion worth of shorts concentrated around that level. Traders expect Bitcoin to reach new record prices this month.