Crypto markets have seen a surge in Bitcoin call options with a strike price of $300,000 becoming the most popular for the June 27 expiry, despite low odds of reaching that level. This trend reflects traders’ appetite for high-risk, high-reward bets amid expectations of significant price movements. On June 5, the largest crypto options block ever was executed, totaling $1.19 billion in trades involving 11,350 Bitcoin contracts. The following day, $3.8 billion worth of Bitcoin and Ethereum options were set to expire, including 31,000 Bitcoin options with a put/call ratio of 0.71 and a max pain point at $105,000, and 241,000 Ethereum options with a put/call ratio of 0.63 and a max pain point at $2,575. Market sentiment showed a bullish skew with strong call activity across Bitcoin and altcoins such as Solana and Kaspa. Meanwhile, meme coin activity cooled but maintained a bullish structure. Additionally, $MINA options were launched on the PowerTrade platform, offering traders new opportunities to engage with crypto volatility through calls, puts, and spreads.