The Bitcoin options market is showing a strong bullish sentiment, with call options at an $80,000 strike price becoming the most concentrated bet in the market. Data shows that the notional open interest of $80,000 call options expiring at the end of June on the Deribit platform has surpassed $1.5 billion, ranking first among all strike prices. Analysts point out that this surge in "convexity" bets reflects investors' strong expectations that Bitcoin will hit new all-time highs amid the halving effect and continuous inflows into ETFs. Meanwhile, the rise in implied volatility (IV) indicates traders are pricing in significant price swings, with long positions becoming more costly. (CoinDesk)