{"id":24309,"date":"2025-05-27T15:34:10","date_gmt":"2025-05-27T12:34:10","guid":{"rendered":"https:\/\/forklog.com\/en\/options-traders-bet-on-bitcoin-rising-to-115000-120000\/"},"modified":"2025-05-27T15:34:10","modified_gmt":"2025-05-27T12:34:10","slug":"options-traders-bet-on-bitcoin-rising-to-115000-120000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/options-traders-bet-on-bitcoin-rising-to-115000-120000\/","title":{"rendered":"Options traders bet on bitcoin rising to $115,000\u2013$120,000"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>The options market points to a potential volatility spike for the leading cryptocurrency over the next three days as investors may react to news from the Las Vegas conference.<\/li>\n<li>Technical analysis does not rule out a pullback in bitcoin to $100,000.<\/li>\n<\/ul>\n<\/div>\n<p>In bitcoin options expiring in June\u2013July, activity is concentrated in calls with strikes at $115,000 and $120,000. The largest turnover was in contracts with $110,000 expiries, according to Kaiko.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> hit a new <a href=\"https:\/\/twitter.com\/hashtag\/ATH?src=hash&#038;ref_src=twsrc%5Etfw\">#ATH<\/a> of last week, but with muted volumes &#038; low leverage, caution still rules the market. <\/p>\n<p>In our latest Data Debrief we break down tha rally in ten charts: <\/p>\n<p>?BTC hit $112K on May 22, despite risk asset selloff <br \/>\u2705Spot volume ($20B+) just half of Dec\u2026 <a href=\"https:\/\/t.co\/eJG9vx0HXd\">pic.twitter.com\/eJG9vx0HXd<\/a><\/p>\n<p>\u2014 Kaiko (@KaikoData) <a href=\"https:\/\/twitter.com\/KaikoData\/status\/1927005648044122557?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Separately, specialists noted that since hitting <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-past-109000-to-new-record-high\">new highs<\/a>, there has been heavy trading in $100,000-strike puts. Since May 22, volumes in such contracts have exceeded $600 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1581.webp\" alt=\"1-1581\" class=\"wp-image-259445\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>The picture looks more optimistic in options expiring on May 30.<\/p>\n<p>On longer time frames, the setup is more balanced, with no clear bearish or bullish skew. In other words, consolidation around current levels is likely over the coming weeks, Kaiko said.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1116.webp\" alt=\"2-1116\" class=\"wp-image-259446\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>The specialists noted a significant decline in downside risk owing to a rise in inactive wallets and increased corporate purchases of the leading cryptocurrency.<\/p>\n<p>The flip side is the potential for rapid reductions in bitcoin positions if volatility spikes. The effect is tempered by high average market depth on <span data-descr=\"centralized platforms\" class=\"old_tooltip\">CEX<\/span>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-625.webp\" alt=\"3-625\" class=\"wp-image-259447\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Las Vegas conference \u2014 a risk for bulls?<\/strong><\/h2>\n<p>Kaiko also flagged the bitcoin conference in Las Vegas (Nevada, USA) from May 27 to 29, which could constrain liquidity and exacerbate price moves.<\/p>\n<p>QCP Capital noted that J.D. Vance, Michael Saylor, Donald Trump Jr. and Eric Trump will attend the event. Like their peers at Kaiko, the analysts highlighted possible near-term swings in prices \u2014 supported by the dynamics of implied volatility in options.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Asia Colour \u2014 27 May 25<\/p>\n<p>1\/ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> stayed range-bound between $107K and $110K last Friday, even as equities ripped higher. Spot ETF flows held firm, offering support. But front-end implied volatility remains elevated, pointing to deeper concerns under the surface.<\/p>\n<p>\u2014 QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/1927296240699465743?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As a precedent, the experts cited July 2024, when after U.S. President Donald Trump\u2019s speech at the bitcoin conference in Nashville (Tennessee) prices plunged by 30% in just two days.<\/p>\n<p>While a comparable drawdown appears unlikely, positioning implies a defensive stance, the experts clarified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBitcoin will remain range-bound in the near future. After the event, implied volatility is expected to decline as risk premia fade,\u201d<\/em> the review says.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>Pullback to $100,000?<\/strong><\/h2>\n<p><a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/27\/bitcoin-faces-risk-of-pullback-to-usd100k-as-momentum-indicator-diverges-bearishly-technical-analysis\"> CoinDesk<\/a> suggested the price of digital gold could break out of its bullish channel toward support at $100,000 while keeping positive prospects on the medium-term time frame.<\/p>\n<p>The scenario is indicated by a bullish divergence on the 30-day <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rateofchange.asp\" title=\"\">RoC<\/a> indicator and the MACD histogram moving into bearish territory.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-380-1024x465.png\" alt=\"4-380\" class=\"wp-image-259448\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-380-1024x465.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-380-300x136.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-380-768x348.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/4-380-1536x697.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/4-380.png 1898w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinDesk.<\/figcaption><\/figure>\n<p>Medium-term optimism keeps the \u201cgolden cross\u201d intact after the 50 <span data-descr=\"day moving average\" class=\"old_tooltip\">DMA<\/span> crossed the 200 DMA from above to below.<\/p>\n<p>Earlier, Matrixport<a href=\"https:\/\/forklog.com\/en\/news\/matrixport-advises-partial-profit-taking-on-bitcoin-longs\"> recommended<\/a> partially taking profit on bitcoin longs.<\/p>\n<p>Earlier, CoinDesk <a href=\"https:\/\/forklog.com\/en\/news\/analysts-see-firmer-technical-underpinnings-for-bitcoins-current-rally\">presented<\/a> six charts of various metrics confirming a solid foundation for bitcoin to break <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-past-100000-amid-market-revival\">above $100,000<\/a>.\u00a0<\/p>\n<p>Standard Chartered urged buying the leading cryptocurrency and forecast its price to rise <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-urges-bitcoin-investment\">to $120,000<\/a> in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The options market points to a potential volatility spike for the leading cryptocurrency over the next three days as investors may react to news from the Las Vegas conference. Technical analysis does not rule out a pullback in bitcoin to $100,000. In bitcoin options expiring in June\u2013July, activity is concentrated in calls with strikes at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1146,1261,1150,1326,1253],"class_list":["post-24309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-kaiko","tag-news-plus","tag-qcp-capital","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24309"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24308"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}