Bitcoin’s Ascent to $115K: Institutional Demand and Resistance Levels

Bitcoin has surged past $111,000, setting a new all-time high amid accelerating institutional demand. Analysts highlight tightening OTC supply and corporate treasury adoption as key drivers, while market makers’ hedging activities could introduce resistance NEAR $115,000. Spot market illiquidity may further amplify volatility.

Bitcoin’s Rally to Record Highs Faces Potential Resistance at $115K

Bitcoin surged past $111,000 during Asian trading hours, marking a new all-time high as institutional demand accelerates. The rally reflects tightening OTC supply and growing corporate treasury adoption, according to Alexander S. Blume of SEC-registered Two Prime.

Market makers’ hedging activities may create invisible resistance near $115,000, potentially tempering the bull run. Spot market illiquidity could amplify volatility as new capital enters what Blume describes as a "less elastic" Bitcoin market.

Bitcoin Pizza Day Marks $1.1B Milestone as BTC Hits New All-Time High

Bitcoin surged past $111,800 on Thursday, setting a fresh record as the crypto community celebrated bitcoin Pizza Day. The annual event commemorates developer Laszlo Hanyecz’s historic 2010 purchase of two Papa John’s pizzas for 10,000 BTC—then worth $40, now valued at over $1.1 billion.

The transaction marked Bitcoin’s first documented commercial use, transforming the asset from cryptographic experiment to functional currency. Hanyecz, who mined the coins when BTC traded below a penny, maintains the purchase gave Bitcoin tangible value. At current prices, those 10,000 BTC could buy 70 million pizzas.

Bitcoin Options Open Interest Hits Record $42.5B on Deribit as Traders Target New BTC Highs

Bitcoin’s surge to a record $111,000 during Asian trading hours triggered unprecedented activity in the derivatives market. Deribit’s options open interest reached $42.5 billion notional value, the highest ever recorded on the platform.

"Don’t be surprised if buying activity picks up across the spectrum of BTC-linked products," noted CoinDesk’s Daybook Americas, reflecting growing institutional optimism. The options market surge suggests sophisticated traders are positioning for continued upside.

Call options dominated trading activity, indicating strong bullish sentiment. This derivatives activity often precedes spot market movements, with traders using options to gain Leveraged exposure to Bitcoin’s price appreciation.

Bitcoin Pizza Day: A Billion-Dollar Lesson in Crypto History

May 22 marks Bitcoin Pizza Day, a pivotal moment in cryptocurrency lore. Fifteen years ago, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas—a transaction then worth $40 that would become a $1 billion lesson in hindsight. The date gained fresh significance as Bitcoin surged to a record $111,861.22 this anniversary.

The 2010 transaction, executed when BTC had negligible perceived value, now stands as both a cultural touchstone and cautionary tale about early adoption. Hanyecz’s pizza purchase remains the first documented commercial Bitcoin transaction, predating formal exchanges and mainstream recognition.

This year’s price milestone underscores Bitcoin’s journey from experimental digital cash to institutional asset class. The Pizza Day phenomenon continues to symbolize both crypto’s volatility and its transformative potential—where a casual meal became financial history’s most expensive takeout order.

7Bit Casino Emerges as Top Crypto Gaming Destination in 2025

7Bit casino has solidified its position as the premier cryptocurrency gaming platform, earning widespread endorsement from Reddit’s gambling community. The Curacao-licensed operator, established in 2014, dominates the Bitcoin casino niche with its extensive game library and frictionless digital asset transactions.

Player trust stems from the platform’s transparent operations and industry-leading payout speeds. The casino’s BTC-focused model caters specifically to crypto enthusiasts, bypassing traditional payment rails that often plague online gambling experiences. Market observers note its growing popularity coincides with broader adoption of cryptocurrency in iGaming sectors.