[Analysis] "Bitcoin, Simultaneous Buying Movement Across All Wallets... Bets on Reaching $200K and $300K in Options Market"

Bitcoin (BTC) recently surpassed $110,000, rising about 18% over the past month, with on-chain data confirming continuous accumulation across all wallet groups. In the options market, call options with strike prices of $200,000 and $300,000 expiring in June are being actively traded, reflecting bullish expectations.

On the 23rd, cryptocurrency media outlet CoinDesk cited data from on-chain analytics firm Glassnode, stating, "Bitcoin's Accumulation Trend Score recently recorded 1.0," indicating that all investor groups, from whales (holding over 10,000 BTC) to small holders, have been actively buying Bitcoin over the past 15 days. This indicator excludes exchange and miner wallets.

This buying trend is analyzed to have started at the beginning of this month. This contrasts with the period from January to April, when most wallet groups reduced their holdings along with the decline in Bitcoin prices.

Additionally, bullish bets continue in the options market. According to the media, open interest (OI) worth $620 million is concentrated in call options with a strike price of $300,000 expiring in June, and $420 million in the $200,000 range, indicating clear short-term bullish sentiment.

The media added, "It is noteworthy whether Bitcoin, which frequently adjusted after reaching all-time highs in the past, can continue its rally like traditional assets such as stocks and gold this time."

Meanwhile, open interest refers to contracts in derivatives like futures and options that have not yet been settled. An increase in open interest means that funds are flowing into the market.