Bitcoin caught between critical onchain support and an options showdown
Bitcoin is trapped between critical support at $74,500 and resistance near $77,000, with $6.6 billion in Deribit options expiring May 29. Large put positioning at $75,000 and call concentration at $80,000 incentivizes market makers to suppress volatility. Over 15% of bitcoin's supply sits within the $74,000-$83,000 range, creating significant supply compression and limiting price movement for Indian traders monitoring entry points.
Coins in this story
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Hyperliquid takes a swing at Polymarket with macro outcome bets
Hyperliquid expanded its HIP-4 outcome markets to let traders bet on macroeconomic events like inflation and Fed decisions, competing with Polymarket. Unlike Polymarket's UMA oracle model, Hyperliquid resolves markets through its own validators. The move positions the exchange as a multi-asset venue where users can combine crypto derivatives with macro bets without shifting collateral across platforms.
