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Bitcoin Bulls aims to pay BTC above $ 110,000 by May 30 to take advantage of $ 4.8 billion in call options.
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Spot BTC ETF flows and a weak mode that gives bulls a strong feature at the end of the monthly validity.
Bitcoin (BTC) is close to its largest monthly options for 2025, with a total exposure to $ 13.8 billion. This bulls event gives an opportunity to secure the price of Bitcoin above $ 110,000, as the bears have been thwarted through a 25 % rare over the past thirty days.
The open interest in Bitcoin options is $ 6.5 billion, but 95 % of these positions have been determined to less than $ 109,000. Therefore, if the price of Bitcoin is approaching the current levels, the options for a situation of less than $ 350 million will remain relevant to expiration.
On the contrary, the open interest in Bitcoin call options (purchase) amounts to $ 109,000 a total of $ 3.8 billion. However, this defect does not mean that every connection option holder was betting at the height of Bitcoin. Some traders may have sold these options as a way to undergo exposure above certain prices.
Among the most important options strategies that are traded in Deribit in the past two weeks, “short invitation”, which is often used by investors looking for a fixed income return as long as the bitcoin price remains above a specific threshold. Likewise, the “widespread bull” strategy contradicts the risks of the negative side by sacrificing the gains above a specific price.
Bitcoin ETF power reduces reduced price drops
If Bitcoin maintains $ 109,000, most bullish strategies must provide positive results at the expiration of the May options. However, the bears may try to affect the BTC Futures markets to reduce its losses as the expiration date approaches.
The total open interest in Bitcoin’s future contracts is $ 79 billion, which indicates a strong demand for short jobs (sale). However, this strategy may lead to reverse results if Bitcoin rises above $ 110,000, as the bears may be forced to close its sites.
The $ 1.9 billion net flows in the Bitcoin Stock Exchange (ETFS) indicate between May 20 and May 22 that the demand exceeding $ 105,000 is still strong. Ultimately, the main Bears hope lies in the weakest macroeconomic environment, which may increase the risk and reduce the demand for bitcoin.
Related to: Bitcoin strikes new levels in the absence of the use of “unhealthy” leverage – will the gathering continue?
Bitcoin Bulls aims for $ 110,000 by May 30
Here are four potential scenarios based on current prices. These results estimate theoretical profits based on open interest imbalances and do not explain complex strategies.
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Between 102 thousand dollars and 105 thousand dollars: $ 2.75 billion in calls (purchase) for $ 900 million in sales operations. The clear result prefers call tools by $ 1.85 billion.
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Between 105 thousand dollars and 107 thousand dollars: 3.3 billion dollars call for $ 650 million, calls for 2.65 billion dollars.
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Between 107 thousand dollars and 110 thousand dollars: 3.7 billion dollars call for $ 350 million. In favor of calls for $ 3.35 billion.
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Between 110 thousand dollars and 114 thousand dollars: 4.8 billion dollars, a call for $ 120 million, the calls are preferred by $ 4.7 billion.
Bulls can increase its gains by driving BTC above $ 110,000, which may help determine the highest new level ever. However, the ongoing upward budget depends on developments in the war of continuous tariffs, which has been a major axis in recent weeks.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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