Bitcoin Eyes $110K Surge Ahead of High-Stakes Options Expiry

BTC bulls charge toward a six-figure target as a critical derivatives deadline looms—just another day in crypto’s volatility casino.

Will the market defy gravity or face the usual Wall Street rug-pull? Place your bets.

In Brief

• The bulls are betting on $4.8 billion in gains if bitcoin breaks above $110,000.
• 95% of put options will be worthless if bitcoin exceeds $109,000.
• Spot Bitcoin ETFs recorded $1.9 billion in net inflows in just three days.

Bitcoin Options: A Strategic Duel at $13.8 Billion

The bitcoin news: the market has structured itself around two camps. Thehope to keep bitcoin above $110,000 to maximize their positions. Call options on this zone total $4.8 billion. On the other side, the bears see their hopes dwindling:. If the price remains high, their impact will be minimal.

At Deribit,. They allow benefiting from a measured rise in bitcoin while limiting losses in case of a reversal. This positioning reflects the current caution of market participants.

Thecould come from. Between May 20 and 22, $1.9 billion was injected into them. This massive inflow supports the bullish sentiment. But nothing is decided: bears could still try to manipulate futures contracts to limit damage. Because as the expiration approaches, every dollar counts.

Technical Tensions and “Pinning Effect”: Understanding Bitcoin’s Front Lines

On the charts,. The Twitter account @DarkPurpleHazeX describes:

There seem to be significant short positions at $112,000… but they are losing ground.

This level concentrates selling pressure. If it yields, a short squeeze could push bitcoin to new highs.

But technical analysis does not explain everything. Thecomes into play. It pushes prices to stabilize around levels with high open interest. For this month, this corridor seems to be between $105,000 and $110,000, a potential trap for both camps.

Theon futures contracts amplifies this tension. A breakout in either direction could create a domino effect. In this context, strategies evolve minute by minute. Investors watch the slightest signals: volumes, tweets, and macroeconomic announcements.

Towards a High-Tension Outcome

The end of the month promises to be electric. The figures speak for themselves and reflect maximum market pressure.On their side, bears have few weapons left: 95% of their puts expire below $109,000, rendering them useless if the price stays high.

The inflow of $1.9 billion into spot Bitcoin ETFs between May 20 and 22 illustrates institutional investors’ confidence. This support is no coincidence.

On futures contracts, $79 billion in open positions raise the stakes.

• $4.8 billion in calls in the 110–114K zone;
• 95% of puts expire below $109,000;
• $1.9 billion injected into ETFs in three days;
• $79 billion in open interest on futures.

In this context, the slightest technical or geopolitical spark could tip everything over.

Recently, Donald Trump reignited tensions by restarting the trade war with the EU — a statement that immediately unsettled the markets. Result: Europe and bitcoin waver. This harsh reminder underlines how sensitive the crypto ecosystem remains to external shocks. As option expiration approaches, nerves will be tested.

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