Analytics platform Glassnode says one Bitcoin investor cohort is suddenly selling the most BTC for realized gains.

According to the analytics platform, those holding onto Bitcoin between six and 12 months are abruptly locking in massive gains at a rate exceeding all other cohorts, raking in a $904 million profit on Monday.

“Last week, we highlighted how BTC wallets that held greater than 12 months were the primary profit-takers.

But that trend has now flipped. [On Monday]: less than 12 months cohorts accounted for 83% of all realized profit. Six to 12-month holders alone realized $904 million – the second-highest daily profit year to date.”

Glassnode says the same six-to-12-month investor cohort netted more profits two months ago.

“Mid-cycle buyers (six-12 months) stepped up on June 16th with $904 million in realized gains. That’s just behind the April top in terms of daily profits – and shows that Q4’24 buyers are now distributing heavily.”

However, the analytics firm says that the selling of Bitcoin for profits is slowing way down for long-term BTC holders.

“Meanwhile, greater than 12-month holders realized just $324 million, a notable drop from the relentless profit realization in May or even the last week’s peak of around $1.2 billion.

Bottomline: seasoned BTC holders are stepping back for now – and newer coins are now driving market sell pressure.”

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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.

Real-world assets (RWAs) are now a $10 billion category, according to data curated by DeFiLlama, with Maker, BlackRock’s BUIDL and Ethena’s USDtb each accounting for more than $1 billion in total value locked (TVL).

Of the three, USDtb — a stablecoin designed to contrast with Ethena’s USDe — has had the fastest growth, adding over 1,000% in TVL in the last month.

USDtb is backed by tokenized BlackRock money-market fund shares whereas USDe uses crypto-assets and perpetual futures strategies for crypto-driven yields.

CoinDesk previously reported that Treasury-backed tokens reached a record $4.2 billion market cap in the first quarter, driven by growth in Ondo Finance’s OUSG and USDY tokens, BlackRock and Securitize’s BUIDL, Franklin Templeton’s BENJI and Superstate’s USTB.

Treasury-backed tokens dominate, according to data aggregator RWA.xyz. The next highest category, tokenized commodities, comes in at $1.26 billion, with Paxos Gold leading with TVL of just over $500 million.

Analysts say this reflects investor preference for safer assets amid bearish crypto sentiment, with T-bills outperforming what’s offered for yield with major DeFi protocols like Compound.

Read more: RWA Tokenization: What Does It Mean to Tokenize Real-World Assets?