Options Traders Bet Bitcoin Will Hit $300,000 by June

NEW YORK, NY — Options traders are placing significant bets on Bitcoin, predicting the cryptocurrency could reach an astounding $300,000 by June 27, 2025. This forecast reflects a 181% upside based on Bitcoin’s recent trading activity.

According to data from the crypto derivatives platform Deribit, trading in call options at the $300,000 strike price was one of the top activities on Tuesday. Bitcoin was trading close to $107,000 and is recovering from a recent slump. The token previously reached an all-time high of $109,241.11 on January 20.

The recent upward momentum in Bitcoin’s price is attributed to an increase in market risk appetite as investors overcome a volatile period earlier this year. Analysts have noted that Bitcoin is also influenced by favorable economic conditions and legislative developments.

Despite the optimistic outlook, some analysts remain cautious. Nic Puckrin, the founder of The Coin Bureau, stated, “The market needs a catalyst for prices to go parabolic, and while there are many potential catalysts on the horizon, uncertainty still reigns supreme.” This suggests that while traders are hopeful, there are unresolved factors that could impact market stability.

In advance of the $300,000 prediction, data indicates that traders are increasingly confident Bitcoin will reach $110,000 by the end of June. However, bettors on Polymarket, known for making accurate predictions in the past, show less optimism this year. They currently assign only a 9% chance for Bitcoin to hit $250,000 by the end of 2025.