Options traders are upping their bets that bitcoin will hit an all-time high by the end of the month amid optimism about a U.S. interest rate cut and increased inflows into exchange-traded funds. All bitcoin call options with a strike price of $75,000 on the expiration date have the highest number of unpositioned squaring contracts, according to data compiled by cryptocurrency options exchange Deribit. This is followed by call options with a strike price of $100,000 and $80,000. Luuk Strijers, CEO of Deribit, said that traders are optimistic and expect prices to reach a new all-time high. Bullish sentiment in the BTC options market has been driven by strong BTC ETF flows, expectations of a U.S. interest rate cut, a rate cut by the European Central Bank, and the approval of an ETH ETF.