Forget “sell in May and go away” – options traders are betting big that Bitcoin will make its next major move this month, with massive upside potential through June.

If BTC Bull Token – already backed by over $5.3 million in presale funding – launches during this breakout window, holders could be in for a serious payday.

The project’s utility unlocks not one, not two, but four real Bitcoin airdrops once milestone prices are hit.

And right now, $BTCBULL is still in pre-exchange territory – giving buyers a rare shot to load up before the next price bump.

Since airdrop rewards are weighted based on token holdings, every extra token secured now could mean more Bitcoin later.

The current price per $BTCBULL is $0.002495, but that’s set to increase in the next 24 hours as the presale enters what may be its final stages.

Options traders are swinging for the fences on Deribit, with $484 million in open interest on $300K Bitcoin calls

When options traders go big, they really go big. More than 5,000 call contracts are open on Bitcoin hitting $300,000 by June 26, representing a bold move with a notional open interest of $484 million.

That kind of exposure shows traders aren’t just speculating – they’re increasingly confident Bitcoin could make a historic move.

If $BTC does break past that level, those holding these calls stand to make a fortune. And for those already holding spot Bitcoin, the upside could be even more explosive.

But how realistic is a $300,000 target in the next few weeks? From today’s price of roughly $94,645, Bitcoin would need to rally 216% to hit the strike.

While many analysts expect Bitcoin to eventually reach $250,000 or even $300,000, the typical timeline for that is much longer – often looking ahead to the end of 2025, possibly around the crypto’s traditionally best months in October and November.

Analysts refer to these types of options as “lottery tickets” – because they offer massive upside with limited downside.

Traders can gain leveraged exposure without buying spot BTC, and if the price falls short, the loss is relatively minimal compared to the potential reward.

What’s driving traders to bet on $300,000 Bitcoin?

What’s really fueling the optimism, though, is macro and institutional momentum. April data pointed toward a stagflationary environment – slowing economic growth alongside persistent inflation. In this kind of setup, Bitcoin is increasingly viewed as a hedge asset.

Institutions are taking note. In the last eight days of April alone, spot Bitcoin ETFs recorded over $3 billion in net inflows. And in the first two days of May, another $1 billion has already poured in.

That kind of capital movement helps explain why some traders are willing to bet on a $300,000 BTC – even on short timeframes.

And while Deribit options holders are hoping for a breakout, there’s one new project whose utility is directly aligned with Bitcoin’s price milestones – and offers exposure to Bitcoin upside without needing to buy spot or gamble on expiry dates.

BTC Bull Token gives early investors a unique opportunity: to align with Bitcoin’s next move while locking in real utility. And unlike call options that can expire worthless, BTC Bull Token holders are positioned to receive actual Bitcoin – no matter what.

A stake in $BTCBULL has a better upside than a Deribit call option

When investors buy $BTCBULL, they’re not taking on the same kind of risk as with options trading. If Bitcoin doesn’t hit a specific price right away, that’s perfectly fine.

Why? Because simply holding $BTCBULL qualifies users for automatic Bitcoin airdrops – a core part of the token’s utility.

The first price milestone that activates these Bitcoin rewards is $150,000, which represents about a 58% increase from Bitcoin’s current price.

Source: TradingView

After that, the reward system repeats at every $50,000 increment: $200,000, $250,000, $300,000 – and all the way up to $1 million. That’s why if Bitcoin hits $300,000, four Bitcoin airdrops would have already been triggered.

Now, some might ask: what if the token’s price drops? Unlike an options contract that can expire worthless, BTC Bull Token includes a built-in supply reduction mechanism to help manage token value.

Starting at $125,000 BTC, a token burn is triggered at every $50,000 milestone, reducing supply and increasing scarcity.

This mirrors Bitcoin’s own deflationary model – similar to halvings – which is what has helped drive BTC’s long-term value.

With $BTCBULL, investors aren’t just watching from the sidelines – they’re directly tied into the momentum. It’s not just the next best thing to owning Bitcoin. In many ways, it’s a way to amplify Bitcoin’s upside without needing to buy more BTC.

BTC Bull Token could launch soon

Now, with the current presale round set to end in less than 24 hours, the window to stock up on $BTCBULL at a discount is closing fast.

This could be one of the final rounds in the project’s fundraising campaign, as the token allocation for the presale appears to be approaching a complete sellout.

If the project hits its funding cap and launches this month – as expected – early investors will be perfectly positioned to ride the potential run-up to $300,000 Bitcoin, just as options traders are predicting.

That’s why timing matters more than ever. Bitcoin could break out without warning – and when BTC Bull Token goes live, only those already holding $BTCBULL will be eligible for the token’s passive Bitcoin airdrops.

Join the BTC Bull Token presale before Bitcoin hits $300,000

To join the presale, head to the BTC Bull Token website and grab your $BTCBULL tokens using ETH, USDT, or even a bank card.

For the smoothest experience, use Best Wallet – the recommended multi-chain wallet fully integrated with BTC Bull Token’s milestone rewards system. Just by holding $BTCBULL inside Best Wallet, you’ll automatically qualify for Bitcoin airdrops as each milestone is hit.

Best Wallet is available for download on Google Play or the Apple App Store.

And to grow your $BTCBULL stash ahead of launch, you can also stake your holdings in BTC Bull Token’s protocol, which currently generates a 77% APY, adjusting dynamically based on the pool size.

Stay connected with the BTC Bull Token community on X and Telegram for real-time updates, milestone alerts, and presale news.

The post ‘Buy in May, Get Paid in June?’ – $300K Bitcoin Calls Heat Up, BTC Bull Token Is Locked In appeared first on Cryptonews.

In the crypto market, bold predictions aren’t just talk – they’re backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs.

The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC’s spot price will triple to over $300,000 by the end of the first half of the year.

Over 5,000 contracts were active in the June $300K call at press time, with a notional open interest of $484 million. That makes it the second-most popular option bet in the crucial June expiry, trailing only the $110K call.

Deribit is the world’s leading crypto options exchange, accounting for over 75% of the global options activity. On Deribit, one options contract represents 1 BTC. Quarterly expiries, such as the one due on June 26, drive heightened market activity and volatility, with traders using these deadlines to hedge positions, lock in gains, or speculate on the next price moves.

“Perhaps, people like buying lottery tickets. As evidenced by the call skew, there are always folks that want the hyperinflation hedge,” Spencer Hallarn, a derivatives trader at crypto market maker GSR, said, explaining the high open interest in the so-called out-of-the-money (OTM) call at the $300K strike.

Deep OTM calls, also called wings, require a large move in the underlying asset’s price to become profitable and, hence, are significantly cheaper compared to those closer to or below the asset’s going market rate. However, the payoff is huge if the market rallies, which makes them similar to buying lottery tickets with slim odds but potential for a big payout.

Deribit’s BTC options market has experienced similar flows during previous bull cycles, but those bets rarely gained enough popularity to rank as the second-most preferred play in quarterly expiries.

The chart shows that the June 26 expiry is the largest among all settlements due this year, and the $300K call has the second-highest open interest buildup in the June expiry options.

Explaining the chunky notional open interest in the $300K call, GSR’s Trader Simranjeet Singh said, “I suspect this is mostly an accumulation of relatively cheap wings betting on broader U.S. reg narrative being pro-crypto and the ‘wingy possibility’ (no pun intended) of a BTC strategic reserve that was punted around at the start of the administration.”

On Friday, Senator Cynthia Lummis said in a speech that she’s “particularly pleased with President Trump’s support of her BITCOIN Act.

“The BITCOIN Act is the only solution to our nation’s $36T debt. I’m grateful for a forward-thinking president who not only recognizes this, but acts on it,” Lummis said on X.

Who sold $300K calls?

According to Amberdata’s Director of Derivatives, notable selling in the $300K call expiring on June 26 occurred in April as part of the covered call strategy, which traders use to generate additional yield on top of their spot market holdings.

“My thought is that the selling volume on April 23 came from traders generating income against a long position,” Magadini told CoinDesk. “Each option sold for about $60 at 100% implied volatility.”

Selling higher strike OTM call options and collecting premium while holding a long position in the spot market is a popular yield-generating strategy in both crypto and traditional markets.

Read more: Bitcoin May Evolve Into Low-Beta Equity Play Reflexively, BlackRock’s Mitchnik Says