From Cointelegraph

May 23, 2025 8:22 pm:

Bitcoin bulls are aiming to push BTC above $110,000 by May 30 to capitalize on $4.8 billion in call options. With the largest monthly options expiry of 2025 approaching, total exposure reaches $13.8 billion, giving bulls a chance to secure Bitcoin’s price above the target. Bears may try to influence BTC futures markets as expiry date approaches.

Open interest in Bitcoin put options stands at $6.5 billion, with 95% set below $109,000. Call options up to $109,000 total $3.8 billion, with some traders selling options to hedge exposure above certain price levels. Significant option strategies traded include “short call” and “bull call spread” to manage risk and returns.

Strong Bitcoin ETF inflows reduce odds of further price decline, with net inflows of $1.9 billion into US spot Bitcoin ETFs between May 20 and May 22. The total open interest in Bitcoin futures is $79 billion, showing demand for short positions. Bears’ main hope lies in a weaker macroeconomic environment affecting Bitcoin demand.

Bitcoin bulls aim for $110,000 by May 30, with different scenarios predicting theoretical profits based on open interest imbalances. Bulls can maximize gains by driving BTC above $110,000, setting a new all-time high. Ongoing bullish momentum depends on developments in the tariff war, a key focus in recent weeks.

Read more at Cointelegraph: Will Bitcoin bulls secure $110K before BTC’s $13.8B options expiry?