The leading cryptocurrency Bitcoin (BTC) broke a new record by exceeding $ 111,000 after its rally last week. However, it has since experienced some pullback and is now in a consolidation process. While investors are wondering whether the rally will continue, Deribit data shows that bullish expectations dominate the market. According to Deribit data, the $300,000 Bitcoin call option expiring on June 27 was the most popular bet, as the hypothetical open interest for the $300,000 call option rose above $600 million, compared to $484 million three weeks ago. Speaking to Coindesk, Lin Chen, Head of Business Development for Deribit Asia, said: “The $300,000 Bitcoin call option with an expiration date of June 27 emerged as the option with the highest open interest. This shows that investors' rally expectations continue.” The $300,000 call option, which expires on June 27, would represent a three-fold increase in Bitcoin's price from its current price of around $110,000 by the end of the first half of 2025. Although the $300,000 estimate may seem a bit odd considering that there are about four weeks left in the first half of the year, Chen noted that investors have recently been targeting more upside in short-term options. This trend among investors points to a growing appetite for bullish bets, according to Chen. Finally, Lin Chen, who also touched on the Bitcoin 2025 Conference to be held in Las Vegas from May 27-29, said, “The three-day Bitcoin 2025 conference will start today in Las Vegas, and therefore people are speculating about what big announcements will be made at the event. Therefore, the bullish expectation continues.” Related News: The Most Important Bitcoin (BTC) Event of 2025 Starts Tomorrow: Historic Speech Expected! Here is the Participant List! *This is not investment advice. Continue Reading: Options Whales in Bull Mode: Expecting Incredible Bitcoin (BTC) High in Four Weeks!