{"id":96642,"date":"2026-04-30T10:44:52","date_gmt":"2026-04-30T07:44:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96642"},"modified":"2026-04-30T11:01:41","modified_gmt":"2026-04-30T08:01:41","slug":"bitcoin-faces-option-barrier-at-80000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-faces-option-barrier-at-80000\/","title":{"rendered":"Bitcoin Faces Option Barrier at $80,000"},"content":{"rendered":"<p>The price of the leading cryptocurrency has encountered resistance around the $80,000 mark. According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-29\/option-traders-build-electric-fence-around-bitcoin-at-80-000\">Bloomberg<\/a>, the growth is being held back by market participants&#8217; positions on the Deribit exchange.<\/p>\n<p>At levels near $80,000, call options expiring in May and June amount to $1.5 billion. In this scenario, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-market-maker\">market makers<\/a> are forced to sell the asset as the price rises to hedge risks. Additional pressure on the rate was exerted by profit-taking and a slowdown in demand on the spot market.<\/p>\n<p>At the time of writing, digital gold is trading at $75,785 (-1.7% for the day).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-6b009ec77b7dd720-3134563171691080.webp\" alt=\"BTCUSDT_2026-04-30_09-42-01\" class=\"wp-image-279261\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Five Years with Bitcoin: Return Statistics<\/h2>\n<p>Analysts at Delphi Digital examined the historical returns of the first cryptocurrency. They calculated the outcome for all possible five-year holding periods from May 2016.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The worst possible 5 Year Bitcoin Entry was down just 13%.<\/p>\n<p>Return comparisons can look very different when the start date is a cycle top.<\/p>\n<p>Our analyst <a href=\"https:\/\/twitter.com\/yeak__?ref_src=twsrc%5Etfw\">@yeak__<\/a> looked at every possible 5 year holding period for BTC, ETH, and SOL using daily prices since May 2016. ETH and SOL\u2026 <a href=\"https:\/\/t.co\/YY1z9iZOYq\">pic.twitter.com\/YY1z9iZOYq<\/a><\/p>\n<p>\u2014 Delphi Digital (@Delphi_Digital) <a href=\"https:\/\/twitter.com\/Delphi_Digital\/status\/2049519176289808571?ref_src=twsrc%5Etfw\">April 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The worst time to enter Bitcoin was buying at the cycle peak in December 2017. Selling five years later\u2014near the lows of 2022\u2014resulted in a 13% loss. This is the worst scenario in the history of observations.<\/p>\n<p>The median five-year return of the digital coin exceeded 800%. For comparison, Ethereum&#8217;s figure was 1200%.<\/p>\n<p>Over long horizons, crypto assets have delivered high returns almost regardless of the entry point. Sensitivity to the purchase price remains only over short time frames.<\/p>\n<p>As reported on April 29, Bitcoin and many other crypto assets <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-to-around-75000-following-feds-rate-decision\">declined<\/a> following the US Federal Reserve&#8217;s decision to maintain the interest rate at its current level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency has encountered resistance around the $80,000 mark. According to Bloomberg, the growth is being held back by market participants&#8217; positions on the Deribit exchange.<\/p>\n","protected":false},"author":1,"featured_media":96643,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"Bitcoin faces resistance at $80,000 due to market positions on Deribit.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,480,1145],"class_list":["post-96642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"Bitcoin faces resistance at $80,000 due to market positions on Deribit.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96642","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=96642"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96642\/revisions"}],"predecessor-version":[{"id":96644,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96642\/revisions\/96644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96643"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}