Bitcoin options traders are placing bets that the cryptocurrency's price will exceed its all-time high by the end of June, according to recent data from Binance .

The current open interest is concentrated at a strike price of $75,000, which is slightly above Bitcoin's all-time high of over $73,000 reached in mid-March.

While many traders expect the price to surpass this mark, others predict that the price will remain stable in the coming weeks. Bitcoin is currently trading at $61,115, slightly down from the previous day.

The GM 30 Index, which tracks the top 30 cryptocurrencies, also saw a decrease of 0.77% to 128.52. Options contracts give traders the right, but not the obligation, to buy or sell an asset at a predetermined price, and can be used to hedge against potential losses or speculate on price movements.