The $6 billion expiration countdown: Traders pile into $82,000 bitcoin calls ahead of May 29 expiry
$6.25 billion in bitcoin options expire on Deribit May 29, with traders aggressively buying $82,000 calls betting on a breakout higher. The $75,000 strike carries heaviest put concentration at $394 million, while max pain sits $2,000 below current price at $77,250. The 0.86 put/call ratio signals modest bullish sentiment, though downward pressure remains real ahead of settlement.
Coins in this story
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Stablecoins retain the edge over tokenized money market funds, JPMorgan says
JPMorgan reports stablecoins command 95% of the tokenized asset market, retaining dominance over yield-bearing money market funds due to regulatory hurdles. While tokenized funds offer attractive returns, securities classification limits their circulation across crypto exchanges and DeFi. The bank expects this gap to persist absent meaningful regulatory reform, keeping stablecoins as crypto's default cash instrument for trading and payments.
HYPE leads crypto rebound as traders position for volatility breakout
Bitcoin stabilized at $77,900 and ether near $2,130 as derivatives activity surged. Hyperliquid's HYPE token soared 6.5% to extend weekly gains to 53%, signaling aggressive bullish positioning. Options traders increasingly bet on volatility breakouts while altcoin markets remain mixed. Speculative activity is rising in smaller tokens amid macro tailwinds from easing oil prices and stronger equities.
