A rare bet on Bitcoin reaching $300,000 by the end of June⏳

The Deribit platform for trading crypto derivatives witnessed an extraordinary options deal, where one trader is betting on the price of Bitcoin rising to $300,000 by June 27, according to data released by the platform.

This bet represents a jump of about 181% compared to the current Bitcoin price, which was trading at around $107,000 on Tuesday, approaching its historical highs recorded last January at $109,241.

According to the data, purchase contracts at this price level were the second most traded options on Deribit that day, indicating increasing interest from some traders in the potential for a sharp rise in the near term.

However, despite improved market sentiment, analysts believe that this type of bet remains far from realistic expectations, as estimates from Standard Chartered Bank suggest that Bitcoin could only reach $120,000 during the second quarter of the year, with expectations of closing at $200,000 by the end of 2025.

Conversely, data from betting markets like Polymarket show that the likelihood of Bitcoin reaching $250,000 this year does not exceed 9%.