Bitcoin Teases Breakout to Fresh Highs as $15B Options Expiry Looms

Bitcoin's price action is flashing bullish signals just as a massive $15 billion options expiry hits the market—cue the institutional sweating.

### The Setup: A Powder Keg of Derivatives

With $15B in BTC options set to expire, traders are bracing for volatility. The last time open interest hit these levels, Bitcoin ripped 20% in a week. History repeating—or just another over-leveraged casino?

### Price Charts Scream 'Send It'

Higher lows, compressed volatility, and a stubborn refusal to dip below key support. This isn't subtlety—it's a coiled spring. Even the whales are placing bets north of $100K.

### Wall Street's Favorite Hedge (Against Common Sense)

While traditional finance debates 'store of value,' Bitcoin's quietly up 150% YTD. But sure, keep arguing about bond yields. The market's voting with its wallet—and the ballot's orange.

### The Bottom Line: Gamma Squeeze or Gravity?

Either we break to new highs by Friday, or someone's swallowing a $15B gamma sandwich. Place your bets—just maybe don't risk the yacht this time.

Bitcoin to Hit New All-Time High This Weekend?

At the time of writing, Bitcoin is trading NEAR $108,090—up 3.17% in the past 7 days. It has jumped over 9.58% from a weekly low of $98,560, recorded while the geopolitical tension between Israel-Iran and the US tightened. 

Given that the market has now entered into a relatively stable phase and there are no foreseen uncertainties currently, Bitcoin price is soaring, with it attempting to break above monthly highs. If it succeeds, analysts are predicting that a new all-time high could be in play. 

As Bitcoin is currently hovering around $108K, it is roughly 3.54% away from hitting a new all-time high of $111,970—recorded on 22 May. Any swift push above $110K WOULD likely send Bitcoin to retest this high and potentially break above the mark by the weekend. 

However, the uncertain nature of crypto markets could cause sudden shifts that would impact Bitcoin’s trajectory. In addition, any further escalation in the Middle East would also influence the broader crypto market as risks still loom around. 

Also read: Nano Labs Secures Initial 600 BTC in $500M Notes Deal for BNB Treasury