Analisis Pasar: Akankah Bull Bitcoin Capai $110K Sebelum Jatuh Tempo Opsi $13,8 Miliar?
Market Analysis Will Bitcoin bulls secure $110K before BTC’s $13.8B options expiry? by Marcel Pechman /news/bitcoin-bulls-must-secure-110k-before-13-8b-btc-options-expiry

Bitcoin Bulls Target $110,000 by May 30 as $4.8 Billion in Call Options Expires

Bitcoin (BTC) is on the verge of its largest monthly options expiry of 2025, with a total exposure of $13.8 billion. This event presents an opportunity for bulls to secure a price above $110,000, as bears were caught off guard by a 25% rally over the past 30 days.

The open interest in Bitcoin put options stands at $6.5 billion, but 95% of these positions are set below $109,000. Meanwhile, the open interest in call options up to $109,000 totals $3.8 billion. While this imbalance does not mean every call option holder was betting on Bitcoin's rise, traders may have been using these options to hedge their exposure above certain price levels.

Strong Bitcoin ETF inflows have reduced the odds of further price decline, with net inflows of $1.9 billion into US spot Bitcoin exchange-traded funds (ETFs) between May 20 and May 22 indicating robust demand above $105,000.

Bulls aim to push BTC above $110,000 by May 30 to capitalize on $4.8 billion in call options, which could help set a new all-time high. However, the ongoing bullish momentum depends on developments in the ongoing tariff war, which has been a key focus in recent weeks.