Will Bitcoin Bulls secure $ 110,000 against the expiry of the BTC option in the amount of USD 13.8 billion?

Key results:

Bitcoin Bulls aims to exceed BTC above USD 110,000 by 30 May to utilize USD 4.8 billion call options.
The BTC ETF spot, ETF influences and indigent positioning of placing, give bulls a sturdy advantage in a monthly expiry.

Bitcoin (BTC) is approaching the largest monthly options of 2025, and the total exposure is $ 13.8 billion. This event gives Bulls a chance to secure the Bitcoin price above USD 110,000, because the bears have been surprised by a 25% rally in the last 30 days.

May 30 Bitcoin options Open interest, USD. Source: Laevitas.ch

The open interest of Bitcoin Put (Sell) options is $ 6.5 billion, but 95% of these items are set below USD 109,000. Therefore, if the price of Bitcoin stays near the current levels, PUT options with a value of less than $ 350 million will remain critical after expiry.

And vice versa, open interest rates of Bitcoin connections (buy) to USD 109,000 is USD 3.8 billion. Despite this, this imbalance does not mean that each owner of the call option bet Bitcoin. Some traders could sell these options as a way to secure the exhibition above specific price levels.

*The best BTC option strategies in the last two weeks. Source:* *Laevitas.ch*

One of the most critical strategies of trade options in the last two weeks is the “short call”, which is often used by investors looking for a refund of a constant income, provided that the Bitcoin price remains above a specific threshold. Similarly, the strategy of “bull connection” is protected against the risk of decline by dedication of profits above a certain price.

Powerful ETF Bitcoin revenues reduce the chances of further price drop

If Bitcoin maintains the level of USD 109,000, most strategies should provide positive results in the expiry of May options. However, bears can try to influence the btc btc contract markets to limit their losses as the expiry date approaches.

The total open interest rate of Futures in Bitcoin is currently $ 79 billion, which shows sturdy demand for tiny (sale) positions. Despite this, this strategy can reverse if Bitcoin increases above USD 110,000, because bears can be forced to close their positions.

The net influence of $ 1.9 billion to American Bitcoin Exchange rotational funds (ETF) between May 20 and 22 indicate that the demand above USD 105,000 remains solid. Ultimately, Bears’s main hope is a weaker macroeconomic environment that can escalate risk aversion and reduce the demand for bitcoin.

Related: Bitcoin will achieve novel ups in the absence of “unhealthy” utilize of the lever – will the rally be continued?

Bitcoin Bulls is aimed at USD 110,000 by 30 May

Below are four likely scenarios based on current price trends. These results will estimate theoretical profits based on outer interest imbalances and do not include intricate strategies.

From 102 thousand USD up to USD 105,000: $ 2.75 billion of connections (buy) vs. $ 900 million in PUTS (SELL). The net result favors call instruments by $ 1.85 billion.
From 105 thousand USD up to 107 thousand USD: $ 3.3 billion of calls compared to $ 650 million, favorable calls by $ 2.65 billion.
From 107 thousand Up to USD 110,000: $ 3.7 billion of connections compared to $ 350 million, favorable calls by $ 3.35 billion.
From $ 110,000 to $ 114,000: $ 4.8 billion of calls compared to $ 120 million, favorable calls by $ 4.7 billion.

Bulls can maximize their profits by running BTC over USD 110,000, which can lend a hand you determine the novel highest level. However, the ongoing rush depends on the development in the ongoing tariff war, which has focused in recent weeks.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.