Based on recent options data from Binance, bitcoin open interest is concentrated at a strike price of $75,000 for the end-of-June expiry, an analyst said.

According to Ruslan Lienkha, the chief of markets at Cyprus-based exchange YouHodler, the open interest concentration focuses on bitcoin's all-time high. Bitcoin reached its all-time high of over $73,000 in the middle of March, according to The Block's Price Page.

"There is significant call open interest domination, and many option traders expect the bitcoin price to surpass its all-time high by the end of June," Lienkha told The Block.

The observation concurs with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry.